Nscale Reports Revenue Surge in US IPO Filing
Nvidia backed cloud provider Nscale reported a significant revenue surge in its US initial public offering filing. The London based firm is targeting a multibillion dollar listing on the NYSE. Despite reporting a net loss, the company highlighted robust contracted revenue.
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Nscale reported a revenue surge of 1,252% to $140.6 million in the first half of 2026, filing for a United States IPO targeting a valuation of about $30 billion. The London-based cloud provider aims to capitalize on investor demand despite reporting a net loss of $1.02 billion for the six months ended June 30. This offering arrives as markets evaluate infrastructure valuations following recent calls from tech executives for development slowdowns.
