By Proactive
Publication Date: 2026-02-19 05:18:00
Sharon AI’s secondary listing on the ASX is set to follow its $731 million ($1 billion) Nasdaq debut as investors continue to seek exposure to companies linked to data centers and digital infrastructure.
The Australian artificial intelligence infrastructure group began trading on the Nasdaq under the ticker symbol SHAZ, positioning itself amid a wave of AI-focused listings in the US. The company provides devices that enable customers to run high-performance chips from Nvidia and AMD for AI processing.
The US listing included the conversion of a $100 million convertible note into equity, contributing to the $731 million valuation.
Sharon AI has appointed Macquarie and Canaccord Genuity to lead the planned secondary listing on the ASX, expected in April.
Co-founder and CEO James Manning said the timing of the listing was planned…
