Northern Data AG, a German company specializing in high-performance computing infrastructure, is considering launching an IPO in the US for its AI cloud computing and data center unit. 🚀

The value of this IPO could reach $16 billion, you know! Northern Data plans to combine its cloud computing arm, Taiga, with its data center operations, Ardent, to form a new company that will list on the Nasdaq in the first half of 2025.

This decision coincided with a recovery in the US IPO market, driven by investor optimism about economic stability. Additionally, there is a resurgence of interest in new share offerings in 2024.

The company is now talking to potential advisers about an IPO and plans to recruit key banks in the next few months. However, based on the outcome of this strategic engagement, Northern Data may decide not to proceed with an IPO.

What do you think, Crypto Friends? Will this be a big step for the blockchain and crypto industry? Come on, give your opinion in the comments column! 😄