Quantexa considers listing in UK or US markets
British AI firm Quantexa is considering a multi-billion dollar initial public offering (IPO) in either the United Kingdom or the United States. Executive Vishal Marria told Reuters that the company could list in both countries or choose one over the other. The decision has not been finalized and Quantexa may remain a private company.
A listing on a U.S. exchange would be a setback for London's stock market, which has recently seen several companies opt for U.S. listings. Marria emphasized that the U.S. offers a larger capital pool and potential for higher valuations than the UK. Quantexa, founded in 2016, provides AI software to help organizations like financial institutions, healthcare providers, and government agencies manage and analyze vast amounts of data, with applications in fraud detection and financial crime prevention.
Some British politicians and technology leaders have advocated for supporting domestic tech firms over U.S. competitors, such as Palantir, whose data platform is utilized by the UK’s National Health Service.
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