Nscale Updates IPO Filing With $1.69 Billion Quarterly Loss

Nscale Limited updated its U.S. IPO registration statement Thursday, reporting a third-quarter net loss of $1.69 billion as revenue reached $307.5 million. The Nvidia-backed neocloud provider’s revenue rose 1,344% from a year earlier.

Nscale is seeking a New York Stock Exchange listing under the ticker NSCL. Its preliminary Form S-1 left the proposed IPO price and share count blank.