# Nscale faces investor pushback over NYSE IPO valuation

> Some investors want Nscale's NYSE IPO valued at $16B–$19B, against the $30B–$35B it seeks.

*Some investors want the AI cloud firm valued at $16B–$19B, well below the $30B–$35B it is seeking, Bloomberg reports.*

By Bez · WireRead
Canonical: https://wireread.com/news/nscale-faces-investor-pushback-over-nyse-ipo-valuation

Some investors want AI cloud firm Nscale valued at $16B–$19B in its planned New York Stock Exchange initial public offering, well below the level the company is seeking, [Bloomberg reported](https://www.bloomberg.com/news/articles/2026-10-18/ai-cloud-firm-nscale-faces-investor-pushback-over-ipo-valuation) on 18 October.

Bloomberg said, citing the gap, that Nscale is seeking a valuation of $30B–$35B. The investor range is roughly half that figure.

According to the report, investors cited the company's Norwegian flagship site, which is running at 6.4 MW against a target of 30 MW.

Investors also pointed to Nscale's contracted backlog of $103.4B. Only about 2.5% of that backlog is currently active, according to the report.

The pushback follows a slide in CoreWeave's shares and bonds on fears over interest rates. The move is a sign of investor caution towards AI infrastructure companies.

The details here are drawn from a secondary summary of the Bloomberg report. Nscale has not announced final IPO pricing or timing.

## Key takeaways

- Investors want a $16B–$19B valuation; Nscale seeks $30B–$35B.
- Norway flagship site runs at 6.4 MW against a 30 MW target.
- About 2.5% of Nscale's $103.4B contracted backlog is active.

## Sources

- [AI cloud firm Nscale faces investor pushback over IPO valuation](https://www.bloomberg.com/news/articles/2026-10-18/ai-cloud-firm-nscale-faces-investor-pushback-over-ipo-valuation) — Bloomberg, 2026-10-18