• UAE's G42 and private equity company Silver Lake have supported Bayanat AI Plc's $171M IPO, with Bayanat selling shares at AED 1.10. G42, an artificial intelligence company with operations in the energy and healthcare sectors, now owns 77% of Bayanat following the offering. 
• After initially rising as high as 309%, shares of the geospatial and data analytics company controlled by Abu Dhabi's G42 climbed 241% to AED 3.75 by Monday. The launch gives Bayanat a valuation of $2B and puts it on track for the greatest first-day performance internationally for IPOs raising at least $100M this year.