ISRO Prepares for Launch of Earth Observation Satellite EOS-3 Today
India’s space agency ISRO is set to launch the Earth Observation Satellite EOS-3...
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business
Tech Startup NovaAI Raises $150M in Record-Breaking IPO Debut
Summary
NovaAI, an artificial intelligence startup, made a stunning stock market debut today, raising $150 million in its initial public offering on the NASDAQ. Shares opened at $35, up 40
NovaAI, an artificial intelligence startup, made a stunning stock market debut today, raising $150 million in its initial public offering on the NASDAQ. Shares opened at $35, up 40% from the $25 IPO price, signaling strong investor demand. The company specializes in AI-driven automation tools for enterprises and reported $75 million in revenue last year, Bloomberg noted. Market analysts highlight NovaAI’s rapid growth amid a surge in AI technology investments. The successful IPO reflects bullish trends in tech stocks despite recent market volatility. NovaAI plans to use the funds to expand R&D and global operations.
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