The AI data firm eyes deeper US capital markets despite readiness for a London IPO since January.
Quantexa is evaluating a stock market listing in either the UK or the US, with a potential valuation in the billions. CEO Vishal Marria cited the US market’s deeper capital pool and higher valuation prospects as key factors in the decision.
The company, founded in 2016, has been prepared for an IPO since January but has not set a timeline. Its AI software serves financial institutions, healthcare providers, and government agencies for fraud detection and data analysis.
A US listing would add to London’s recent losses, as several firms have opted for US exchanges due to perceived advantages in liquidity and investor appetite.