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AI Firm C3.ai Begins Trading in IPO

By Ross Matican
· · Source: The Information

Shares of enterprise software firm C3.ai, which sells artificial intelligence technology, surged in their first few hours of trading in the public markets Wednesday. Led by former Oracle executive Tom Siebel, C3.ai raised $651 million in its initial public offering at a price of $42 per share, up from a range of $36 to $38. That implies a market capitalization of over $4 billion. C3.ai shares...

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