UAE’s G42 aims to raise $495m from Presight AI’s IPO listing

UAE’s G42 aims to raise $495m from Presight AI’s IPO listing

Presight, a G42 company and an international big data analytics company powered by artificial intelligence, today announces its intention to carry out an initial public offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange’s (ADX) first market.

Presight, a public company limited by shares, incorporated in the Abu Dhabi Global Market, supports public services and commercial businesses of all magnitudes by unlocking positive societal impact with omni analytics and AI to deliver insight-driven decision-making across every sector at scale. The Company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth; public services, finance, and sports. Presight continues to accelerate into priority sectors at pace, channeling the use of advanced data analytics to predict environmental impact, enable efficient infrastructure use, and transform educational outcomes.

The Company’s proprietary Transformative Analytics Quotient (“TAQ”) platform has enabled Presight to deliver unmatched digital transformation for its customers across the globe. TAQ integrates all-source data into adaptive AI algorithms to deliver actionable insights across the sectors in which Presight operates.

Presight has entered into a cornerstone investment agreement with International Holding Company (ADX:IHC), through which IHC has committed to invest in the planned IPO.

“Today’s announcement marks an important milestone in Presight’s journey. Our intention to list on the Abu Dhabi Securities Exchange is a key step in realizing our five-year strategy to strengthen operational expertise, create meaningful headroom for inorganic growth, and expand our services into new markets and sectors globally. We have ambitious plans that leverage our solid historical growth and healthy pipeline of order bookings,” Thomas Pramotedham, CEO of Presight, said.

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