Nscale Considers Delaying $35 Billion IPO After Microsoft Decline
Nscale is considering postponing its $35 billion New York Stock Exchange listing after Microsoft declined to expand a computing power rental agreement.
AI cloud provider Nscale Global Holdings Limited is considering delaying its planned $35 billion stock market listing until next year. The London-based company filed for an initial public offering on the New York Stock Exchange in September, seeking approximately $3.5 billion in funding, which included a $2 billion contribution from Nvidia.
The potential postponement follows reports that Microsoft declined an option to expand its existing agreement to rent computing power at an Nscale data center in Texas. This decision creates uncertainty for the company's immediate listing timeline.
In a separate development for the sector, AI firm Anthropic filed an updated prospectus for its own IPO. Anthropic is seeking a valuation of up to $1.4 trillion, a move seen as a critical test of investor confidence in the artificial intelligence market.
