Nscale reportedly considers delaying $35 billion listing
NVDA•Nscale is considering pausing efforts to go public until next year, potentially delaying a $35 billion listing. The London-based cloud provider filed for an IPO in September seeking about $3.5 billion, including $2 billion from Nvidia.
1. Listing may be delayed
Nscale executives are assessing whether to pause efforts to go public until next year, the company reportedly said. Nscale did not immediately respond to a request for comment.
2. IPO plans and context
The London-based cloud provider filed for an IPO in September, seeking about $3.5 billion in funding, including $2 billion from Nvidia. It plans to list on the NYSE under the symbol NSCL. The news comes days after Microsoft declined an option to expand its agreement to rent computing power at an Nscale data center in Texas.
