AI data startup Quantexa is mulling an IPO as soon as the second half of 2026, according to reports.
Stock exchanges have effectively remained closed to tech companies over the past few years, following a slew of unsuccessful listings around the 2021 boom.
But a number of European scaleups are considering IPOs as public markets stabilise in the wake of US Donald Trump’s tariffs rollout earlier this year.
Quantexa could seek a valuation of more than $3bn, Bloomberg reported, citing people with knowledge of the matter. The US is one location being weighed — though a final decision is yet to be made, the publication added.
Founded in 2016, London-based Quantexa hit a $2.6bn valuation as it raised $175m in March this year, as it looks to deepen its presence in the US and hunts for startups to acquire.
Quantexa uses AI to provide data analytics software for businesses and government agencies to help uncover risks, manage data and detect fraud. The startup announced it had hit $100m in annual recurring revenue in October last year.
IPO planning is at an early stage and timing could change, Bloomberg reported.
“While we review strategic options as part of our growth planning, we’ve made no decisions about an IPO or future funding rounds,” Quantexa told Sifted. “There’s nothing imminent,” they added.
Should Quantexa opt for the US to list when the time comes, it would join a roster of European scaleups that’ve turned their noses up at home public markets.
Sweden’s Spotify, Romania’s software giant UiPath and Britain’s healthtech Babylon and cybersecurity firm Darktrace have all listed across the Atlantic in a bid to attract more investors and increase valuations.
The London Stock Exchange in particular is still reeling from fintech Wise’s decision to shift its primary listing from the UK to the US, which was approved by shareholders in July.
Read the orginal article: https://sifted.eu/articles/quantexa-weights-public-listing/
