Reuters reported on November 10, 2026, citing The Telegraph, that Nscale executives were considering pausing preparations for the company’s proposed initial public offering (IPO) until 2027. Reuters said it could not immediately verify the report.
What Nscale had announced about its IPO
On September 18, Nscale announced that it had filed an S-1 registration statement with the U.S. Securities and Exchange Commission and applied to list its ordinary shares on the New York Stock Exchange under the ticker NSCL. The company said at the time that the registration statement was not effective and that the share count and price range had not been determined. Nscale’s IPO filing announcement
Nscale’s filing announcement named a proposed exchange and ticker; the reported pause concerns a later possible change to the timetable.
NeoTeo previously covered Nscale’s proposed NYSE listing and data-center expansion.
What the reported figures refer to
Reuters reported a $35 billion value associated with the contemplated listing and, separately, about $3.5 billion in funding sought, including $2 billion expected from Nvidia. The figures refer to different things: the first is a reported listing value, while the others concern reported fundraising. Nscale’s September announcement did not state either figure. Reuters’ report, republished by The Star
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