Nvidia-backed Nscale considers postponing $35 billion NYSE listing

November 11 — Nscale, a UK-based AI cloud service provider and data center developer backed by Nvidia, is considering postponing its planned listing at a valuation of approximately $35 billion, with management evaluating whether to delay the plan until next year. Nscale has not yet made a decision on the matter and did not immediately respond to requests for comment. The company had originally planned to list on the New York Stock Exchange under the ticker symbol NSCL and had been preparing to go public as soon as possible.

Headquartered in London, Nscale submitted its listing application in September this year, when it planned to raise approximately $3.5 billion, including $2 billion from Nvidia. Just days ago, Microsoft declined to exercise its option to expand its existing agreement with Nscale for leasing computing power at a Texas data center.