positive
Fractal Analytics plans ₹4,900 crore IPO as India’s AI unicorn targets $3 b valuation
India’s first major AI-unicorn Fractal Analytics is preparing a public issue of around ₹4,900 crore (US$555 million) as early as next month. The offering will include a fresh equity raise of roughly ₹1,280 crore and an offer-for-sale of about ₹3,620 crore by existing investors, at a target valuation near US$3 billion. The move comes amid a rising listing wave in India’s tech sector and increasing investor appetite for large-scale growth stories. Market watchers are assessing execution risks and market timing.
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- ipo
- startups
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positive
Fractal Analytics plans ₹4,900 crore IPO as India’s AI unicorn targets $3 b valuation
India’s first major AI-unicorn Fractal Analytics is preparing a public issue of around ₹4,900 crore (US$555 million) as early as next month. The offering will include a fresh equity raise of roughly ₹1,280 crore and an offer-for-sale of about ₹3,620 crore by existing investors, at a target valuation near US$3 billion. The move comes amid a rising listing wave in India’s tech sector and increasing investor appetite for large-scale growth stories. Market watchers are assessing execution risks and market timing.
Tags:
- ipo
- startups
Explore:Mutual Fund Categories
1 min read
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Fractal Analytics targets a ₹4,900 crore IPO at about US$3 billion valuation, combining fresh issue and OFS ahead of listing wave.
India’s first major AI-unicorn Fractal Analytics is preparing a public issue of around ₹4,900 crore (US$555 million) as early as next month. The offering will include a fresh equity raise of roughly ₹1,280 crore and an offer-for-sale of about ₹3,620 crore by existing investors, at a target valuation near US$3 billion. The move comes amid a rising listing wave in India’s tech sector and increasing investor appetite for large-scale growth stories. Market watchers are assessing execution risks and market timing.
India’s first major AI-unicorn Fractal Analytics is preparing a public issue of around ₹4,900 crore (US$555 million) as early as next month. The offering will include a fresh equity raise of roughly ₹1,280 crore and an offer-for-sale of about ₹3,620 crore by existing investors, at a target valuation near US$3 billion. The move comes amid a rising listing wave in India’s tech sector and increasing investor appetite for large-scale growth stories. Market watchers are assessing execution risks and market timing.
Tags:
- ipo
- startups
- ipo
- startups
- India
- AI
- capital markets