Public Market IPO
Fractal Analytics readies IPO plans, targets $2.5 B valuation
Artificial intelligence and analytics solutions provider Fractal Analytics has begun the formal process to launch an IPO towards the second half of the year, valuing the Bengaluru-based unicorn at around USD 2.5 billion (INR 18,000 crore). The company plans to offer a 15-20% stake through the proposed IPO that could be a mix of primary and secondary offerings.
JP Morgan, Morgan Stanley and Kotak Mahindra Capital are hired to manage the IPO.
From the Venture Intelligence PE-VC Deal Database: Between Jun-13 and Jan-22, Fractal raised $685-M from TPG Capial, TA Associates, Apax Partners and Khazanah; some of these investors have made partial exits. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)