Northern Data Weighs AI Unit US IPO at Up to $16 Billion Value
Northern Data AG is speaking with potential advisers about a US initial public offering of its combined artificial intelligence cloud computing and data center businesses that could fetch a valuation of as much as $16 billion, according to people familiar with the matter.The company has asked several potential advisers to pitch for a role and could mandate lead banks within the coming months, the people said. Under the current plan, Northern Data would list an entity comprising its cloud computi...
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