Nscale reportedly faces investor pushback on its $30B IPO valuation

Some investors are pushing back on the roughly $30bn valuation that British AI cloud company Nscale is seeking in its planned New York listing, Bloomberg reported on Sunday.

A valuation of $16bn to $19bn would be more likely to attract buyers, a group of investors told Bloomberg. No decisions have been made, and Nscale has not yet formally started marketing its shares, the outlet reported.

Nscale, which rents out computing power for training and running AI models, filed for its…