AI firm Fractal eyes $400-500 million IPO at $3-billion valuation

AI and analytics unicorn Fractal Analytics is eyeing an initial public offering (IPO) worth $400-500 million, valuing the firm at close to $3 billion, as per executives in the know. The New York-based SaaS company may submit the draft red herring prospectus (DRHP) to markets regulator Securities and Exchange Board of India (Sebi) by late September.
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