EBIX - Ebix: Valuation Mismatch With IPO Bound Ebixcash Subsidiary Offers An Extraordinary Buying Opportunity

• Ebix (EBIX) acquired more than 25 companies to form a wholly-owned subsidiary, Ebixcash, in India.
• Ebixcash is getting ready to go public in India, where equivalent fintech companies have received high valuations.
• While the risk remains that the IPO may get postponed yet again, recent signs indicate that the Ebixcash IPO may happen soon.
• The projected IPO valuation of Ebixcash is many folds that of the parent Ebix which makes the current Ebix share price very attractive.

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