Nscale closed a $3.36B pre-IPO round led by Third Point, with $1B from Nvidia still to come
The convertible notes price at the IPO price minus a double-digit discount and stop moving above a $30B valuation, while the filing is reported to seek up to $35B for a London company that will trade in New York
Via TNW | Artificial-intelligence
Nscale has closed a $3.36B pre-IPO convertible note round led by Third Point, with Nvidia, Apollo, Citadel and the Abu Dhabi Investment Council among the investors, three weeks after it was reported to be seeking up to $3.5B. The London company filed to list on the New York Stock Exchange last week under the ticker NSCL.
Nscale has raised $3.36B in a pre-IPO convertible note round led by Third Point, Bloomberg reported. Nvidia, Apollo, Citadel, Hudson Bay Capital, the Abu…
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