Acko plans a confidential IPO targeting 2 5 billion valuation to raise 250 million sources

A confidential filing could move faster than expected by June

Digital insurer Acko is preparing a confidential IPO, looking to raise about $250 million and target a valuation range of roughly $2 billion to $2.5 billion, according to people familiar with the matter. The company has reportedly brought in top investment banks and plans to file its prospectus by June. Acko was founded by Varun Dua and sells insurance direct to consumers.