By Abhinaya Prabhu
Publication Date: 2026-11-11 11:22:00
- Nscale is weighing a delay to its planned listing, The Telegraph reports.
- The IPO could value the AI cloud provider at about $35B, according to reports.
- Microsoft declined an option to expand its Texas capacity deal with Nscale.
Nscale, the Nvidia-backed AI cloud provider, is considering postponing its planned stock market listing until next year, The Telegraph reported on November 10, according to Reuters.
The London-based company’s executives are assessing whether to pause IPO preparations. The listing had been expected to value Nscale at around $35 billion.
IPO plans face a possible pause
Nscale filed for a New York Stock Exchange listing in September 2026 under the ticker ‘NSCL’, with Goldman Sachs, J.P. Morgan, and Morgan Stanley as underwriters. Its IPO filing showed first-half revenue of $140.6 million, up 1,252%, and a net loss of $1.02 billion. Its largest customer accounted for 52% of that revenue.
The company has raised heavily…
