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Bloomberg · Mark Bergen ·

A profile of Nscale CEO Josh Payne, who is proceeding with plans for a US IPO that sources say is targeting a $30B valuation despite some investor pushback

Sheryl Sandberg says the 32-year-old executive reminds her of Mark Zuckerberg. Josh Payne must now take his startup public at a tumultuous moment for the AI industry.

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In this story Josh Payne Nscale
A profile of Nscale CEO Josh Payne, who is proceeding with plans for a US IPO that sources say is targeting a $30B valuation despite some investor pushback

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Bloomberg — A profile of Nscale CEO Josh Payne, who is proceeding with plans for a US IPO that sources say is targeting a $30B valuation despite some investor pushback ↗

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Oct 29Oct 30

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Related stories

Financial Times: Memo: Nscale CEO Josh Payne says it has "more than $100B in contracted revenue"; sources say it still plans to list by the end of 2026 at a $30B-$35B valuation
Bloomberg: Sources detail Nscale's setbacks ahead of an IPO at up to a $35B valuation, including a six-month delay in Norway and penalties owed to Microsoft and ByteDance
Bloomberg: London-based AI infrastructure startup Nscale is seeking to raise as much as $3B in its US IPO, which could take place as soon as September
TechCrunch: Nscale secures $3.36B in convertible financing led by Third Point ahead of its US IPO, with $2.36B available immediately and $1B from Nvidia in November
Bloomberg: London-based AI infrastructure startup Nscale is in talks to raise as much as $3.5B in financing, including $2B from Nvidia, ahead of a planned IPO

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