Oct 21 (Reuters) - Genesys, an AI-driven developer of

call-center software, said on Monday it has confidentially filed

for an initial public offering in the United States, signaling

growing investor appetite for new listings after a prolonged dry

spell.

The move comes as the IPO market recovers with investors

once again turning warmer towards tech startups that they had

shunned for over two years due to concerns around lofty

valuations.

Analysts expect companies catering to the AI market will

lead the charge for tech sector listings, amid heightened

expectations of multi-fold growth over the next few years as

corporates increasingly find more generative AI use cases.

In December 2021, Genesys raised $580 million in a funding

round led by Salesforce Ventures, valuing it at $21 billion.

Genesys was acquired by private equity firm Permira

Holdings from Alcatel-Lucent in 2012, valuing the company then

at about $1.5 billion.