Comprehensive coverage and updates on Public Markets across the MENA tech ecosystem.
Cubin, a UAE firm, works capital raises of $1 million to $30 million and secondary sales of unlisted shares. The work is still relationship-driven. An iOS app is prepared but not released. No volumes were disclosed.
A reported backlog of $638 billion, over half of it from one customer, funded by capital expenditure that pushed free cash flow deeply negative. That combination is why an AI model launch now moves an enterprise software company's share price.
The smart ring maker filed on 3 September to list on Nasdaq under OURA, disclosing more than $1.2 billion of revenue for the nine months to 30 June, up 74%, and net income near $60.8 million. The subscription base is the number that carries the story.