The French startup LightOn, which operates in the area of generative artificial intelligence, has launched an initial public offering (IPO) of shares on the Euronext Growth market in Paris.
The listing of the mentioned startup is expected later, before the end of the current month. It is worth noting that in this case there is an illustrative example in the context of the industry and from the point of view of the regional technology sector. LightOn, which provides large language model software to businesses and the French government, will be the first listed in Europe startup operating in the area of generative artificial intelligence.
It is worth mentioning that, for example, France’s Mistral AI or Germany’s DeepL prefer to raise financing while remaining private companies.
Currently, France is positioning itself as the main European hub of artificial intelligence. The country is striving to reduce the long-observed innovation gap with the United States and the United Kingdom.
LightOn co-CEOs Igor Carron and Laurent Daudet stated that the IPO provides investors with a unique opportunity to participate directly in the growth of a French technology champion.
French President Emmanuel Macron said before the start of his second term that he hopes that by the end of the current decade, the number of technological unicorns in the country will be at least 100. Currently, this indicator is at 27. It is worth clarifying that in the business environment, unicorns are called startups which market capitalization exceeds $1 billion.
As we have reported earlier, Reddit Launches IPO.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
