Kalshi in funding talks at $65 billion valuation for compute futures push
The fundraising discussions follow a $1 billion October round as the prediction market company seeks to expand beyond event contracts.
Nscale updates IPO filing with revenue jump and wider expected loss
The Nvidia-backed British cloud provider disclosed preliminary nine-month revenue of $307.5 million but has not announced offering terms.
British cloud provider Nscale amended its initial public offering filing on November 12, saying it expects revenue growth of 1,344% for the first nine months of the year. The company, which is backed by Nvidia, also expects a wider net loss.
Nscale put preliminary revenue for the nine months through September 30 at $307.5 million, against $21.3 million a year earlier. It expects a net loss of $1.7 billion for the period, compared with a loss of $433.3 million a year earlier.
The amended filing adds July-September results to the six-month financial figures disclosed in its initial September IPO filing. Nscale did not disclose offering terms in the update.
The London-based company plans to trade on the NYSE using the symbol NSCL. Goldman Sachs, J.P. Morgan and Morgan Stanley are leading the underwriting. A media report said Nscale was considering postponing the listing.
Nscale supplies computing capacity, power, data centers and software used to train and run artificial intelligence models.