GreenWeb Targets Tehran IPO to Fund AI Infrastructure Expansion

Iranian technology group GreenWeb hopes to launch an initial public offering on the Tehran Stock Exchange in autumn 2026, seeking capital to expand its artificial intelligence infrastructure and related work in data and cybersecurity.

Mehdi Mohamadi, GreenWeb’s co-founder and CEO, told Digiato that the proposed listing forms part of a longer-term strategy to serve large industrial companies and eventually expand into regional markets.

GreenWeb was admitted to the Tehran Stock Exchange in May 2025, but admission does not mean its shares are already publicly traded. When the decision was announced, Digiato reported that the company would still need to convert into a public company, undergo valuation and publish a prospectus before an offering could proceed.

Mohamadi said the IPO had been postponed following the June 2025 conflict between Iran and Israel. The fighting began on June 13 and ended with a ceasefire announced on June 24, according to the United Nations. GreenWeb now hopes to move forward with the offering in autumn 2026, although Mohamadi did not provide a firm date.

He identified fundraising as one reason for entering the public market, arguing that the Tehran exchange could offer digital-economy companies an alternative source of capital when domestic venture funding is scarce.

Mohamadi also said a listing could subject technology businesses to greater financial scrutiny and allow retail investors to participate in their growth. The market, he argued, could help establish a value for intangible assets that are often difficult to price before a technology company begins public trading.

Building the infrastructure behind enterprise AI

GreenWeb describes itself as an Iranian IT and digital-transformation group whose operations include cloud computing, hosting, AI and cybersecurity. Its corporate website identifies Ahura, cloud provider IranServer and several other technology businesses among its brands.

The group has shifted its emphasis from trying to automate industrial companies directly to supplying the tools those companies would need to develop their own AI systems, Mohamadi said. Its investments now cover computing infrastructure, data and security.

A central part of that strategy is Ahura, which provides cloud-based graphics processing, AI storage and development services. GreenWeb describes Ahura as Iran’s first private AI operator, but that market-position claim has not been independently established.

Mohamadi cautioned that AI has yet to become deeply embedded in most organizational processes. Much of what companies currently describe as AI adoption remains limited to tools such as chatbots, he said.

That gap should not become an excuse for inaction, however. Mohamadi argued that constraints facing Iranian industries—including energy shortages and low productivity—make more efficient, data-driven operations increasingly important. Serious adoption, he said, will first require adequate computing and data infrastructure.

GreenWeb also sees the Tehran Stock Exchange as a route to prospective customers. Many of the large industrial companies it wants to serve are already listed there, and Mohamadi said joining the same market could help GreenWeb develop closer relationships with them.

Preparing for future competition

Mohamadi said international restrictions have had mixed effects on Iran’s domestic technology industry. In his assessment, sanctions have offered local companies some short-term protection because foreign competitors cannot operate freely in Iran.

He warned that prolonged isolation could ultimately weaken the industry. Iranian technology companies should prepare for a possible reopening of the market, he said, so they can work with international businesses while competing beyond Iran.

For GreenWeb, that preparation includes building services for large enterprises at home and developing the capacity to enter neighboring markets. Its IPO timetable remains an ambition rather than a completed transaction, with the company still aiming to take the next step in autumn 2026.