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Fractal Analytics, a global artificial intelligence and analytics firm founded in 2000, is reportedly eyeing an initial public offering (IPO) worth $400-500 million. The company, which helps businesses gain competitive advantage through data-driven decisions, is said to be targeting a valuation of nearly $3 billion for its potential listing.
Headquartered in Mumbai, India, Fractal Analytics has established a strong presence in the AI and analytics space, with operations spanning the United States, Europe, and other global markets. The company's last funding round in 2022, led by TPG Capital, valued it at $1.55 billion, highlighting significant growth in recent years.
Reports suggest that Fractal Analytics may submit its draft red herring prospectus (DRHP) to India's market regulator, SEBI, by late September. The proposed IPO is expected to be a mix of primary and secondary share sales, with some early investors potentially looking to exit or partially offload their stakes.
The company has reportedly onboarded Morgan Stanley, Kotak Securities, and Axis Securities as bankers for the issue. Fractal Analytics plans to use the fresh funds to expand its Generative AI services portfolio and for pre-payment of some existing loans.
As the AI and analytics market continues to grow, Fractal's potential IPO comes at a time of increasing investor interest in technology firms. However, it's important to note that IPO plans can be subject to market conditions and regulatory approvals. Investors should carefully consider the company's financials, growth prospects, and market position before making any investment decisions.
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While Fractal Analytics' IPO prospects remain uncertain, investors eager to gain exposure to promising AI and analytics companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the data analytics and AI sectors. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of emerging industry innovators like Fractal Analytics before they go public.
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*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
