AI IPO wave may add $50-100 Billion to India's market cap: Goldman Sachs

New Delhi, October 21 (UNI) India's artificial intelligence (AI) ecosystem could add $50 billion to $100 billion to the country's listed market capitalisation over the next two to five years, supported by a potential surge in initial public offerings (IPOs) by privately held AI companies, according to Goldman Sachs. In a research note, the global investment bank estimated that 25-50 per cent of nearly 70 mid-to-late-stage private AI companies could enter the public markets during this period. The potential listings could command a weighted average valuation of around four times their current estimated value. Goldman Sachs said the IPO pipeline…