AI software group Arria NLG fronts Aussie funds for float

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The Kiwi-born artificial intelligence company has hired stockbroker Morgans to tee up investor meetings and arrange a proposed initial public offering.

Kiwi-born artificial intelligence software company Arria NLG has kicked off a pitch to Australian investors, as it analyses a $US100 million-odd raising to list on the ASX.

The non-deal roadshow meetings started late last week. In the pitch to fundies seen by Street Talk, Arria said it was targeting its AI and natural language technologies at the banking, financial services, insurance, pharma, fast food and sports industries, among others. Arria said its top 12 clients could deliver 80 per cent of its revenue in 2022. The clients included big global corporations like Domino’s, Mars, AstraZeneca, UBS and BNY Mellon.Its pitch centred around the automation of work.

 

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