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EbixCash IPO teased for 2Q20 +3

09:48 18-Jun-19


Ebix has issued a press release which is not yet available on its web site, saying that it is

in the advanced stages of selection of investment bankers, towards launching the EbixCash IPO on the Indian stock exchanges.  The details of the IPO in terms of the targeted money raise and the bankers who would lead this exercise will be announced in due course.
The statement strikes me as completely reactionary to yesterday's market manipulation.  Nonetheless, I have no doubt that the company has been working toward the IPO.  What's more, if the MACOM news that I just sent is a sign of protracted global trade wars, India and Ebix by extension is probably the primary beneficiary.  I reiterate my intention to buy EBIX shares at least up to the $50 mark, even if the face of an extended bear market.