AI cloud company Nscale's IPO valuation faces investor opposition.

Nscale's roughly $30 billion IPO valuation target has met with investor resistance, with some investors believing a reasonable valuation range should be $16 billion to $19 billion. The company's planned IPO faces multiple challenges, including the termination of its UK data center deal with Microsoft and a significant valuation gap between potential investors and the company. Nscale has not yet officially launched its IPO roadshow and is responding to comments from the U.S. Securities and Exchange Commission on its prospectus filing. Discussions are ongoing and no final decision has been reached.