Fractal shareholders raise $172 mn in pre-IPO secondary deal
USD 172 million
at an
enterprise value
of USD 2.4 billion, sources aware of the development said.
Earlier, Fractal raised USD 685 million in funding from investors like TA, TPG and Apax, according to
market research
firm Tracxn.
"The total amount raised is USD 172 million at a valuation of USD 2.44 billion. The entire transaction is secondary in nature. No funds have come into Fractal," the source said.
The query sent to the company did not elicit any reply.
The majority of shares were sold by
Apax Partners
.
Live Events
The
secondary sale
took place amid the company's plan to file draft papers with Sebi for an
initial public offer
. PTI
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