Presight AI announces intention to list on ADX via Initial Public Offering

Presight AI announces intention to list on ADX via Initial Public Offering

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

Published: Mon 6 Mar 2023, 2:54 PM

Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), on Monday announced 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.

On March 3, 2023, the UAE Securities and Commodities Authority approved the company’s application for the IPO.

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 accelerating into priority sectors, channelling 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