Drawing from multiple news sources, Fractal Analytics, India's first AI company to IPO, experienced a disappointing debut, listing below its issue price and closing lower, reflecting investor caution amidst a broader market sell-off. Despite this, the IPO comes as India aims to become a major AI hub, attracting investment and attention from global AI leaders, with Fractal itself having previously achieved unicorn status and generating significant revenue from overseas markets.
Drawing from multiple news sources, Fractal Analytics, India's first AI company to IPO, experienced a disappointing debut, listing below its issue price and closing lower, reflecting investor caution amidst a broader market sell-off. Despite this, the IPO comes as India aims to become a major AI hub, attracting investment and attention from global AI leaders, with Fractal itself having previously achieved unicorn status and generating significant revenue from overseas markets.
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