Things to know about PolicyBazaar before placing a bet on its IPO

• PolicyBazaar is looking to raise ₹5,709 crore through this IPO, at a valuation of $6 billion.
• SoftBank will sell 20% of its shareholdings in PolicyBazaar’s IPO for $250 million.
• PB Fintech reported a revenue of ₹957 crore in the financial year 2021, with losses reaching ₹150 crore.

PB Fintech — the parent company of insurance company PolicyBazaar and lending company PaisaBazaar — is all set to go for its initial public offering (IPO) next week, seeking a valuation of $6 billion.