Nscale’s $30 Billion IPO Target Meets Investor Resistance

Nscale is pursuing a US listing at a valuation of about $30 billion, but some potential investors have indicated that $16 billion to $19 billion may be more acceptable. The gap comes as the AI infrastructure sector faces market pressure and questions about whether Nscale can deliver the capacity behind its large customer contracts. Bloomberg reported that the company had not begun formal IPO marketing as of October 19 while it worked through SEC comments on its filing; the plan and valuation remained subject to change. The Business Times