Nscale Files For U.S. IPO On NYSE Under NSCL Ticker
Article excerpt
Nscale has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering, moving the full-stack AI cloud and data center company toward a public listing in the United States. The London-based company has applied to list its ordinary shares on the New York Stock Exchange under the ticker symbol NSCL. The number of shares to be sold and the expected IPO price range have not yet been determined. Goldman Sachs, J.P. Morgan and Morgan Stanley will serve as lead bookrunners for the offering. RBC Capital Markets, BofA Securities, Deutsche Bank Securities, Crédit Agricole CIB, TD Securities, Mizuho, KeyBanc Capital Markets, Cantor, SMBC Nikko and Wolfe | Nomura Alliance will also act as bookrunners. Citizens Capital Markets, Loop Capital Markets, Roth Capital Partners, ABN AMRO, Compass Point, DNB Carnegie, Rosenblatt, SEB and Tigress Financial Partners are serving as co-managers. The filing positions Nscale to tap public equity markets as demand for infrastructure supporting artificial intelligence continues to drive major investments in computing capacity, data centers and power. Nscale describes itself as a full-stack AI cloud platform combining software, computing infrastructure and power within a vertically integrated offering. Its platform is designed to support both AI training and inference while connecting...
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The company operates or is developing data center infrastructure in locations including Narvik and Glomfjord in Norway, Loughton in the U.K. and Texas.
