Deals
AI Firm Afiniti Said to Weigh IPO at About $2 Billion Value
- IPO could happen as early as 2017, depending on the market
- Washington-based company said to be working with advisers
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Afiniti is considering an initial public offering as the artificial-intelligence software maker looks for ways to raise funds to boost growth, according to people familiar with the matter.
The Washington-based company could sell shares to the public as soon as this year, the people said, asking not to be identified because deliberations are private. Afiniti is working with advisers and may sell a 20 percent to 30 percent stake, aiming for a valuation of about $2 billion or more, though no final decisions have been made, one of the people said.