Nscale Prepares U.S. IPO That Could Raise Up to $3 Billion

Nscale, a London-based AI cloud and data-center company, is preparing a U.S. initial public offering that could raise as much as $3 billion, according to people familiar with the matter. The listing could come as soon as September, with Goldman Sachs and JPMorgan reportedly working on the deal. The move comes as investors show strong appetite for companies building the infrastructure behind artificial intelligence, and Nscale has also told prospective investors it has about $51 billion in contracted revenue. The potential IPO highlights how AI infrastructure firms are increasingly turning to public markets to fund rapid expansion.