# Nscale Faces IPO Valuation Pushback

> Nscale's $30 billion IPO target faces investor pushback after Firmus' AI IPO collapse.
- Title: Nscale Faces IPO Valuation Pushback · Bloomberg | Shortify
- Summary: Nscale's $30 billion IPO target faces investor pushback after Firmus' AI IPO collapse. Nscale's AI data center firm seeks $30 billion IPO valuation but…
- Keywords: nscale, ipoh, firmus, bloomberg, data center, ipo valuation, business, finance, Faces, IPO, Valuation, Pushback
- Source: Bloomberg — https://bloomberg.com/news/articles/2026-10-18/ai-cloud-firm-nscale-faces-investor-pushback-over-ipo-valuation
- Read time: 1 min
- Topics: nscale, ipoh, ai, firmus, bloomberg, data center, ipo valuation, business, finance
## Nscale IPO Valuation Target
Nscale Ltd. seeks $30 billion IPO valuation for its AI data center project.
## Investor Pushback
A cohort of investors urges $16-19 billion valuation after Firmus' AI IPO implosion.
## Firmus IPO Implosion
Australian AI data center company Firmus collapsed its IPO plan due to market setbacks.
## Investor Concerns
Investors cite Firmus' failure as reason for lower valuation expectations for Nscale.
## Nscale's Position
Nscale is Nvidia Corp.-backed data center developer pursuing $30 billion IPO target.
## Key takeaway

Nscale's AI data center firm seeks $30 billion IPO valuation but investors want $16-19 billion after Firmus' AI IPO failed.