Investors challenge Nscale's proposed $30 billion IPO valuation

Some investors favor valuing the AI cloud company at $16 billion to $19 billion instead. Bloomberg describes Nscale as a data center developer backed by Nvidia, while The Next Web reports that its planned listing would be in New York. Formal marketing has not started, according to Quartz.

• No valuation decisions have been made, according to The Next Web.

Covered by 4 publishers within 10 hours of the first report.

• Bloomberg: Nscale Faces Pushback on $30 Billion IPO Valuation
• Latest 6:28 AM ET Bloomberg: AI’s Premium Valuations Are Getting More Pushback From Investors

Reporting4

PY PYMNTS Nscale Investors Seek Lower IPO Target Amid AI-Related Concerns · PYMNTS 10:33 PM

BL Bloomberg Nscale Faces Pushback on $30 Billion IPO Valuation 4:59 AM

TNW The Next Web Nscale reportedly faces investor pushback on its $30B IPO valuation · Cristian Dina 7:05 AM

QZ Quartz Nscale is facing investor pushback on its $30 billion IPO valuation target · Cris Tolomia 8:14 AM

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Topics NvidiaData centers