Under the proposed plan, Northern Data plans to list its cloud computing activities, known as Taiga, and its data centers, named Ardent, on the Nasdaq. The listing could occur as early as the first half of next year.
Key takeaways:
- Northern Data AG is considering a US initial public offering for its artificial intelligence cloud computing and data center businesses.
- The potential IPO could value the company at up to $16 billion.
- The company is currently seeking potential advisers for the IPO and could appoint lead banks in the coming months.
- Under the current plan, Northern Data would list its cloud computing activities (Taiga) and its data centers (Ardent) on the Nasdaq as early as the first half of next year.