英国 AI 基础设施初创公司 Nscale 申请赴美 IPO

START-UPS UK AI infrastructure start-up Nscale files for US IPO by Tim Barnwell 21 Sep 2026 Save article Nscale’s data centre in Glomfjord, Norway. Image: Nscale The Financial Times reported that the company is seeking ‘a valuation of up to $35bn’. UK AI infrastructure developer Nscale has filed for a US initial public offering (IPO) through a statement of registration to the country’s Securities and Exchange Commission (SEC). The number of shares to be offered and their price range have not yet been determined, according to the company, which has applied to list its ordinary shares on the New York Stock Exchange under the ticker symbol ‘NSCL’. The Financial Times, however, reported on Friday (18 September) that Nscale is seeking “a valuation of up to $35bn” in the IPO, citing people familiar with the matter. Goldman Sachs, JP Morgan and Morgan Stanley will act as lead bookrunners for the proposed offering. RBC Capital Markets, Deutsche Bank Securities and TD Securities, among others, will act as other bookrunners, while Citizens Capital Markets, Loop Capital Markets and Roth Capital Partners, among others, will act as the offering’s co-managers, Nscale said. According to its SEC filing, the London-based AI start-up had a net loss of $1.02bn on revenue of $140.6m for the six months ending on 30 June; for the same period in 2025, it had a net loss of $368.9m on revenue of $10.4m. “As of 31 August 2026, our infrastructure portfolio included approximately 25,000 active GPUs and 461,000 active and contracted GPUs, five active and 12 contracted data centre sites (including seven wholly-owned sites, nine colocation sites and one leased site) and approximately 1.37GW of active and contracted capacity (representing 1GW at owned sites, 200MW at leased sites and 165MW at colocation sites)”, Nscale’s filing read. It added that the company’s footprint “is concentrated in renewable-rich, low-cost power regions such as Norway, Portugal, Iceland and select locations in the United States and APAC”. The company raised $2bn in Series C funding at a valuation of $14.6bn in March of this year. At the time, it said the money would be used to accelerate its global development of vertically integrated AI infrastructure – including GPU compute, networking, data services and orchestration software – across Europe, North America and Asia. Nscale has AI infrastructure deployment deals with Microsoft and Nvidia; its founder, CEO and chair – 32-year-old Josh Payne – received total compensation in 2025 of $23.2m, according to last week’s SEC filing notice. Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news. Related: funding and investment, UK, stock market, US, shares, data centres, AI Tim Barnwell is a sub-editor and reporter at Silicon Republic editorial@siliconrepublic.com You May Also Like You May Also Like Business Intel Q2 sees ‘strongest revenue growth in more than 15 years’ 24 Jul 2026 Business Amazon surpasses $3trn market valuation for the first time 4 Aug 2026 Business Bloomberg: Crusoe raises more than $3bn in funding 4 Sep 2026 Business Apple warns of supply issues despite ‘strongest June quarter’ 31 Jul 2026 Business Chipmaker SK Hynix raises $26.5bn in US stock market debut 10 Jul 2026 Start-ups Devin creator Cognition raises $2bn at $48bn valuation 9 Sep 2026 More from Technology Latest News More More