Nscale projects 1,344% revenue jump in amended IPO filing

Nscale, a British cloud provider backed by Nvidia, amended its IPO filing on Thursday, projecting a 1,344% revenue surge for the first nine months of the year. The company reported preliminary revenue of $307.5 million for the period ending September 30, up from $21.3 million a year earlier. Despite the revenue growth, Nscale expects a net loss of $1.7 billion for the reported period, widening from a $433.3 million loss the previous year. The amendment added July-September quarter figures, following initial financial disclosures for the first six months in its September IPO filing. The company provides AI infrastructure, including compute, power, data centers, and software. Goldman Sachs, J.P. Morgan, and Morgan Stanley are lead underwriters, with a planned NYSE listing under "NSCL." The Telegraph reported Tuesday that Nscale was considering delaying the listing until next year.