Nscale's approximately $30 billion IPO valuation target faces skepticism, with some investors advocating a reduction to $16 billion to $19 billion.

PANews October 19 news, according to Bloomberg citing people familiar with the matter, Nscale, an AI data center developer backed by Nvidia, originally sought an IPO valuation of about $30 billion, but some investors have recently argued for a valuation between $16 billion and $19 billion to attract buyers.

Nscale is addressing comments from the U.S. SEC on its listing application documents and plans to launch a roadshow after resolving them. The discussions are still ongoing, and no final decision has been made. Previously, Microsoft withdrew from its data center partnership project with Nscale in the UK after project delays caused by limited power supply.

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