Nscale $35B IPO Faces Investor Pushback — SkimNews
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- Nscale faces investor pushback over its IPO valuation, with investors seeking a lower target amid AI-related concerns
- Nscale had been eyeing a $35B IPO valuation, but its flagship Arctic data centre is running six months late, while peer Firmus faces a 43% valuation haircut as AI-related pain spreads across the sector
Why it matters: With investors already pushing for a lower IPO price and the Arctic data centre running six months late, Nscale faces a concrete operational risk beyond market sentiment — and peer Firmus's 43% haircut signals the AI infrastructure valuation reset is no longer isolated.
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