EQT moves to list BPO firm Straive, raise $400 million

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Swedish firm EQT Partners plans a $400 million IPO for its platform Straive. The India-focused company is expected to be valued at $2.5 billion. EQT will likely sell a 15-20% stake in the upcoming offering. A draft prospectus is anticipated to be filed with Sebi in September. Straive provides data analytics and AI solutions to global enterprises.