AI cloud firm Nscale reveals revenue surge in US IPO filing

Nscale, a British cloud infrastructure provider, announced a staggering revenue surge of 1,252% in the first half of 2026, according to its U.S. IPO filing. Despite market volatility, the company remains optimistic about its upcoming listing, which is expected to be worth around $30 billion. In the six months leading up to June 30, Nscale reported a net loss of $1.02 billion on $140.6 million in revenue, compared to a net loss of $368.9 million on $10.4 million in revenue a year earlier.

The AI infrastructure firm's IPO is set to take place on the NYSE under the symbol NSCL. Major underwriters for the offering include Goldman Sachs, J.P. Morgan, and Morgan Stanley.