Fintech InvestCloud considers IPO next year: Bloomberg

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Updated 17 November 2021
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Fintech InvestCloud considers IPO next year: Bloomberg

  • InvestCloud is expected to post more than $400 million in revenue in 2022

RIYADH: US InvestCloud is in the early stages of considering an initial public offering next year, amid strong investor demand for asset management software providers, Bloomberg reported.

The California-based fintech could command a valuation of between $8 billion to $10 billion in an IPO, based on multiples of similar companies such as Clearwater Analytics Holdings and NCino.

InvestCloud is expected to post more than $400 million in revenue in 2022.

No decisions have yet been made and InvestCloud may choose to remain private, according to Bloomberg.

InvestCloud’s IPO deliberations follow successful market debuts by Clearwater Analytics and wealth management software provider, Enfusion.


Stc partners with Qiddiya as Six Flags official connectivity provider

Updated 22 December 2025
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Stc partners with Qiddiya as Six Flags official connectivity provider

RIYADH: Saudi stc Group has announced its partnership with Qiddiya as the official connectivity partner for the Six Flags theme park, providing telecom services, smart city solutions, and an integrated digital infrastructure in line with global standards, coinciding with the park’s official opening.

Under the partnership, stc will deliver an advanced digital ecosystem to enhance visitors’ experiences at Qiddiya, offering high-performance connectivity and smart technologies to facilitate entry and manage visitor flow within the park, ensuring a seamless and safe experience.

The collaboration reflects stc’s commitment to providing advanced digital infrastructure that supports Qiddiya’s ambitions and elevates the visitor experience.

By leveraging smart connectivity, smart city technologies, and innovative payment solutions, stc aims to deliver an integrated and streamlined experience across the destination.

The initiative also highlights stc’s role in supporting the tourism and entertainment sectors with world-class digital infrastructure that aligns with Saudi Arabia’s vision and future goals.