London-based AI cloud infrastructure firm Nscale plans to hold an IPO in the US in September, with its second-quarter revenue climbing to over $100 million.
2026.08.07 08:49:08
According to people familiar with the matter, London-based AI cloud infrastructure company Nscale is informing potential investors that its total contracted revenue stands at approximately $51 billion, and it plans to hold its initial public offering (IPO) in the U.S. as early as September 2026. In its presentations to potential investors, Nscale disclosed its growth trajectory: its revenue surged to over $100 million in the second quarter of 2026, a sharp rise from around $37 million in the first quarter and roughly $33 million for the full year of 2025. Nscale had previously operated on a relatively small revenue scale; the size of its contracted contracts disclosed ahead of this IPO, along with its accelerated quarterly revenue growth, will serve as key benchmarks for the market to assess its valuation.
Monday price preview for US and South Korean stock markets: SK Hynix is projected to open down approximately 3.8%, with most US stocks trading lower in pre-market hours.
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