Abu Dhabi’s main artificial intelligence firm G42 is looking to sell a stake worth about $100 million in Presight AI Holding Plc, adding to the growing number of secondary share offerings in the emirate.
G42 will offer about a 2% stake in the data analytics firm to institutional investors through an accelerated offering, according to a statement. The firm will retain 68.5% ownership in Presight after the offer closes on Thursday.
The books are fully covered, according to terms of the deal seen by Bloomberg News. The stock, which closed the Wednesday session at 3.47 dirhams ($0.94) apiece, ...
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