Market Chatter: AI Cloud Firm Nscale in Talks to Raise Up to $3.5 Billion in Pre-IPO Financing
MT Newswires Live
3 hours ago
AI cloud computing firm Nscale is looking to sell up to $1.5 billion of convertible notes to a group of investors ahead of its planned initial public offering, Bloomberg reported Friday, citing people familiar with the matter.
The London-based company is also trying to secure about $2 billion in financing from Nvidia (NVDA), the report said, citing one of the people.
Nscale didn't immediately reply to a request for comment from MT Newswires.
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