AI Wave Sweeps the Stock Market
The AI wave has made a remarkable impact on the stock market. As AI continues to reshape our world, numerous startups are emerging into the spotlight and going public in both India and the USA. These companies are not only revolutionizing technology but are also on the brink of creating history.
Upcoming AI IPOs in India and USA
As of December 2024, several AI startups in India and the USA are gearing up for initial public offerings (IPOs). By listing on exchanges like BSE (Bombay Stock Exchange) and NASDAQ, these startups are signaling their readiness to expand globally and attract more capital, while also enhancing their credibility and opening new doors for collaboration, talent acquisition, and product development.
Notable Milestones Before IPO
Before going public, these startups have achieved several important milestones. They have received support from venture capitalists and angel investors through pre – IPO funding, believing in their missions. Their teams have also navigated the regulatory guidelines from SEBI (Securities and Exchange Board of India) and the SEC (Securities and Exchange Commission) in the United States. Additionally, investor roadshows in key markets like Mumbai, Bengaluru, New York, and Silicon Valley have provided a platform to showcase their potential and technological edge.
India’s AI IPO Contenders
Fractal: Considered India’s first AI unicorn, Fractal is a leading provider of advanced analytics and AI solutions. It helps enterprises in healthcare, retail, and finance optimize business strategies via data analytics. It even launched its text – to – image generation model, Kaleidoscope. Valued around $3.5 billion for its IPO, it is expected to go public in the first quarter of 2025 to enhance AI capabilities and expand globally.
IdeaForge: A key player in AI – powered drone technology, IdeaForge is well – known in defense and industry sectors. Its drones are used for mapping, surveillance, and logistics in various fields. It successfully went public in July 2023, with shares debuting at a 94% premium.
Table Space: Leveraging AI and IoT, Table Space optimizes workspace design and utilization. Estimated at $2.5 billion or more, it is scheduled for an IPO in 2025, targeting both Indian and international markets.
USA’s AI IPO Aspirants
CoreWeave: Operating globally with a strong presence in India, CoreWeave offers high – performance cloud computing for AI and machine learning. With a global valuation of $23 billion, it plans an IPO in 2025 as part of its expansion strategy.
Cerebras Systems: Specializing in AI chips, Cerebras Systems is known for its wafer – scale engine (WSE) technology. Filed for IPO in September 2024, it aims to strengthen its position in the Indian AI ecosystem, with a public debut expected in early 2025.
SymphonyAI: Offering enterprise – grade AI solutions for healthcare, retail, and manufacturing, SymphonyAI aims for a $500 million revenue run rate before listing, with an IPO planned for the second half of 2025.
Anthropic: Focusing on AI development with an emphasis on safety and ethics, Anthropic is backed by private investments. A public offering is speculated within the next 2 – 3 years as it grows rapidly through R&D.
Cohere: Specializing in NLP, Cohere provides AI solutions for chatbots and language models. Industry experts expect an IPO filing in the coming years, though its IPO valuation is yet to be revealed.
Stripe: A payments giant in the US, Stripe is also making inroads in the AI space. With a last – known valuation of $50B, industry experts anticipate an IPO filing with a 97% probability in the coming years.
Conclusion
These AI startups are shaping the future of technology across multiple domains, from analytics to ethical AI solutions. As they prepare for IPOs, they present exciting investment opportunities and redefine how technology integrates into daily life. Keep a close watch on these IPOs, as they could well be the next big players in the tech industry.
