Abu Dhabi AI Firm’s $496 Million IPO Gets $26 Billion in Orders

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Presight AI Holding Plc, a data analytics firm owned by Abu Dhabi’s G42, drew orders worth $25.8 billion for its $496 million IPO, in the latest sign of strong demand for Middle Eastern offerings.

The listing will be Abu Dhabi’s second of the year, and was oversubscribed by 136 times — excluding the commitment from cornerstone investor, International Holding Co. Presight’s owners are selling 1.36 billion shares at 1.34 dirhams a share, and the trading debut is expected on March 27. 

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