Nscale, backed by NVIDIA, is considering delaying its $35 billion New York Stock Exchange (NYSE) listing.
16 minutes ago
UK AI cloud service provider and data center developer Nscale, backed by Nvidia, is considering delaying its planned initial public offering (IPO) with an approximate valuation of $35 billion, as management evaluates whether to push the timeline to next year. Nscale has not yet made a decision on the matter and did not immediately respond to a request for comment. The company originally planned to list on the New York Stock Exchange under the ticker symbol NSCL, and had been preparing to go public as soon as possible. Headquartered in London, Nscale filed for an IPO in September this year, targeting to raise around $3.5 billion at the time, including $2 billion from Nvidia. Just days ago, Microsoft declined to exercise its option to expand its existing agreement for computing power rental at Nscale’s Texas data centers.
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