Nvidia-backed Nscale (NSCL) considers delaying its IPO to next year as its June financials near an SEC time limit

Key points Nscale weighs pausing its IPO until next year Why Nscale may need updated financial statements Microsoft passed on more Nscale capacity in Texas and England Nscale (NSCL), the London-based AI data center company backed by Nvidia (NVDA), is considering delaying its New York IPO until next year, The Telegraph reported on Tuesday. Executives are weighing a pause after a sell-off in AI stocks, and no decision has been made, according to the report. Nscale declined to comment. Nscale had been hoping for a valuation of up to $35 billion when it filed in September, The Telegraph reported, though some investors have said market conditions point to less than half that. Nscale raised $2 billion at a $14.6 billion valuation in March, its IPO filing shows. The Telegraph reported that chief executive Josh Payne could make $350 million from the listing, and that director Nick Clegg, the former UK deputy prime minister, could make as much as $40 million.

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