Drawing from multiple news sources, Fractal Analytics, India's first AI company to IPO, experienced a disappointing debut, opening below its issue price and closing slightly lower, reflecting investor caution amidst a broader market downturn. Despite its unicorn status and a valuation drop from recent private market highs, the IPO comes as India aims to become a key AI hub, attracting interest from global AI leaders and hosting the AI Impact Summit this week.
Drawing from multiple news sources, Fractal Analytics, India's first AI company to IPO, experienced a disappointing debut, opening below its issue price and closing slightly lower, reflecting investor caution amidst a broader market downturn. Despite its unicorn status and a valuation drop from recent private market highs, the IPO comes as India aims to become a key AI hub, attracting interest from global AI leaders and hosting the AI Impact Summit this week.
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