Nscale projects 14-fold revenue growth in revised IPO filing

Nscale, a UK cloud services provider backed by Nvidia, revised its IPO filing Thursday, projecting a 1344% revenue surge for the first nine months of the year. The London-based company reported preliminary revenue of $307.5 million for the nine months ending September 30, up from $21.3 million a year earlier, but forecast a net loss of $1.7 billion, wider than the prior year's $433.3 million loss. The amendment incorporated third-quarter results following its initial September filing. The company may delay its listing to next year, and has not disclosed offer terms. Goldman Sachs, J.P. Morgan, and Morgan Stanley are leading the NYSE listing under "NSCL."