Ebix Stock Rises As Asset Sale Generates Interest From 'multiple Bidders' -- MarketWatch

Dow Jones

Jul 06, 2023

Ebix Inc. $(EBIX)$ stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it's in "advanced stages" in the sale of part of its assets. The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, "received bids from a mix of strategic and financial bidders who have already completed substantial due diligence." It's also progressing with its plan to complete an initial public offering $(IPO.UK)$ of its EbixCash unit in India. It plans to announce an IPO listing date publicly "as soon as it has the requisite approvals in place," the company said.

-Steve Gelsi

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July 06, 2023 08:57 ET (12:57 GMT)

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The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, \"received bids from a mix of strategic and financial bidders who have already completed substantial due diligence.\"  It's also progressing with its plan to complete an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> of its EbixCash unit in India. It plans to announce an IPO listing date publicly \"as soon as it has the requisite approvals in place,\" the company said. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n  This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, \"received bids from a mix of strategic and financial bidders who have already completed substantial due diligence.\"  It's also progressing with its plan to complete an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> of its EbixCash unit in India. It plans to announce an IPO listing date publicly \"as soon as it has the requisite approvals in place,\" the company said. \n</p>\n<p>\n  -Steve Gelsi \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n  This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 06, 2023 08:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2349737466","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2349737466","pubTimestamp":1688648220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ebix Inc.  stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it's in \"advanced stages\" in the sale of part of its assets. 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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","IPO":"Renaissance IPO ETF"},"translate_title":"Ebix股票上涨，资产出售引起“多个竞标者”的兴趣——MarketWatch","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBIX":1,"IPO":1},"content_text":"Ebix Inc. $(EBIX)$ stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it's in \"advanced stages\" in the sale of part of its assets. The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, \"received bids from a mix of strategic and financial bidders who have already completed substantial due diligence.\"  It's also progressing with its plan to complete an initial public offering $(IPO.UK)$ of its EbixCash unit in India. It plans to announce an IPO listing date publicly \"as soon as it has the requisite approvals in place,\" the company said. \n\n\n  -Steve Gelsi \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n  This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 06, 2023 08:57 ET (12:57 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}