Nscale Investors Seek Lower IPO Target Amid AI-Related Concerns

T2Covered by 1 source · first reported by PYMNTS at 19 Oct, 02:33 UTC

Artificial intelligence cloud company Nscale is reportedly facing pushback from investors to its IPO valuation target. Some backers are balking at the company’s initial public offering (IPO) goal of around $30 billion, instead suggesting a range of $16 billion to $19 billion, Bloomberg News…