Nvidia-Backed Nscale Considers Delaying $35 Billion IPO

Nscale, a British cloud computing company backed by chipmaker Nvidia, is considering delaying its planned $35 billion stock market listing, according to a report by The Telegraph. Company executives are reportedly evaluating whether to pause their IPO plans until next year. Nscale has not yet responded to Reuters’ request for comment.

The development comes days after Microsoft reportedly declined an option to expand its existing agreement with Nscale to rent additional computing power at a data centre in Texas. The London-based company filed for an IPO in September, seeking around $3.5 billion in funding, including a $2 billion investment from Nvidia. Nscale plans to list on the New York Stock Exchange under the ticker symbol “NSCL”.

Meanwhile, the potential delay comes as AI company Anthropic advances its own IPO plans. The company recently filed an updated prospectus seeking a valuation of up to $1.4 trillion. Anthropic’s proposed listing is expected to serve as a major test of investor confidence in the rapidly growing artificial intelligence sector.

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