Northern Data AG (DB:NB2) is speaking with potential advisers about a US initial public offering of its combined artificial intelligence cloud computing and data center businesses, according to people familiar with the matter. Banks asked to pitch for a role have suggested valuations for the business from about $10 billion to $16 billion, the people said. Under the current plan, Northern Data would list an entity comprising its cloud computing activities, dubbed Taiga, and its data centers, called Ardent, on the Nasdaq as early as in the first half of next year, they said.
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Other stock markets
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5-day change | 1st Jan Change | ||
18.86 EUR | -28.02% |
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-18.35% | -26.76% |
05/07 | Northern Data share price fireworks completely burnt out | DP |
02/07 | Northern Data in demand - report about possible AI bores | DP |
Stocks mentioned in the article
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5d. change
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Capi.
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31.35 USD | +1.08% | +1.33% | 33Cr | ||
18.86 EUR | -28.02% | -18.35% | 52Cr | ||
![Consensus](/images/consensus_flch.gif)
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-26.76% | 52Cr | |
-4.85% | 2.91TCr | |
+12.51% | 856.53Cr | |
-14.39% | 490.91Cr | |
-35.24% | 219.38Cr | |
-23.68% | 206.97Cr | |
-2.93% | 199.68Cr | |
+76.72% | 190.13Cr | |
-6.38% | 165.88Cr | |
-44.16% | 134.35Cr |
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- Northern Data Reportedly Weighs AI Unit US Initial Public Offering at Up to $16 Billion Value