Northern Data AG, a German firm specializing in high-performance computing infrastructure, is evaluating the possibility of launching a U.S. initial public offering for its AI cloud computing and data center units.Northern Data is considering combining its cloud computing branch, Taiga, with its data center operations, Ardent, to form a new firm for a prospective U.S. IPO. The combined entity may be listed on the Nasdaq as early as the first half of 2025.
This decision coincides with a recovery in the U.S. IPO market, which has been boosted by investor optimism about economic stability. Furthermore, there has been a revived interest in new listings in 2024. The introduction of OpenAI’s ChatGPT has also stimulated demand for AI technologies, which has led to
Major technology companies, like Microsoft and Alphabet Inc., have made significant investments in the infrastructure required to support AI applications. The company is now in conversation with possible advisors about the IPO and intends to hire lead banks in the coming months. However, based on the results of these strategic engagements, Northern Data may decide against proceeding with the IPO. So far, the company has not provided an official comment on these plans.The Frankfurt-based company, which went public in 2018, has seen its shares fall by around 5% this year. This has taken its market valuation to approximately €1.3 billion .
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