Abu Dhabi’s technology holding group, G42, is offering 2% of its shareholding in its publicly listed subsidiary, Presight AI, to institutional investors via an accelerated book build (ABB). The transaction is expected to raise slightly more than $100 million and will reduce G42’s stake in the big data analytics company from 70.5% to 68.5%.
By the Numbers
The stake sale is a strategic move to enhance Presight’s market position:
- 2% Stake: The portion of Presight AI being offered to institutional investors.
- $100M+: The expected proceeds from the sale, which will go to G42.
- 68.5%: G42’s remaining ownership stake in Presight AI after the transaction.
- FTSE Inclusion: A key goal of the transaction is to increase free float and improve liquidity as Presight prepares for potential inclusion in the FTSE Emerging Market Index.
A Strategic Move to Boost Liquidity and Broaden Investor Base
The stake sale is expected to boost Presight’s market position by broadening and institutionalizing the company’s investor base. By increasing the free float of the company’s shares, the move aims to improve liquidity, a key step as the company prepares for potential inclusion in the prestigious FTSE Emerging Market Index. Following the offering, G42 has committed to a 180-day restriction on selling any additional shares.
Transaction Details
The offering, which will be open to investors in several countries, will commence immediately, with final terms expected by September 4th, 2025, and settlement expected around September 10th, 2025. First Abu Dhabi Bank and Jefferies are acting as Joint Global Coordinators and Joint Bookrunners, with International Securities as a Joint Bookrunner. Presight AI raised $496 million in its successful Abu Dhabi IPO in 2023.
Source: Zawya
