Nscale, a London-based cloud provider and data center developer backed by Nvidia, is considering postponing its planned US$35 billion stock market listing until 2027.

The review comes days after reports that Microsoft had declined an option to expand its existing agreement with Nscale for more computing power at a Texas data center.

Nscale filed for an initial public offering in the US in September, when it sought about US$3.5 billion in pre-IPO funding, including US$2 billion from Nvidia.

It plans to list on the New York Stock Exchange under the symbol NSCL.

🔗 Source: Reuters