Abu Dhabi’s G42 Plans 495 Million IPO for Data Analytics Firm Presight AI

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Abu Dhabi’s G42 is planning to raise $495 million from an initial public offering for their data analytics firm, Presight AI Holding Plc. This move is part of the UAE's ongoing efforts to transition away from fossil fuels and attract more international investors to their markets. • The IPO will open on March 13 and close on March 17, with trading set to start on March 27. Presight's owner, G42, is an artificial intelligence and cloud computing firm chaired by the UAE national security adviser Sheikh Tahnoon Bin Zayed. The funds raised from the IPO will be used to support their operations spanning from energy to healthcare, and to build up teams in Singapore, Jakarta, Shanghai, as well as in Tel Aviv to support their 42X Fund. • If you're interested in learning more about the UAE's economic diversification efforts, make sure to subscribe to our channel for more videos like this one. • #abudhabi #investment #dataanalytics

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