UAE In-Focus – Abu Dhabi's Presight AI raises $496m in IPO

RIYADH: Presight AI, a data analytics firm owned by Abu Dhabi’s G42 Group, has listed and started trading its shares on the First Market of the Abu Dhabi Stock Exchange. The initial public offering, which raised roughly 1.822 billion dirhams ($496 million) in proceeds, witnessed strong demand from retail and professional investors. The IPO was oversubscribed by 136 times,

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