Northern Data AG, the German company specializing in high-performance computing infrastructure, is considering a possible initial public offering (IPO) in the US for its AI and central cloud computing units. your data.

The potential value for this IPO could be up to $16 billion, according to sources from Bloomberg News.

Northern Data is considering combining its cloud computing arm, Taiga, with its data center operation, Ardent, to form a new company for a potential US IPO. The combined entity could be listed on Nasdaq as early as 2025.

The decision coincides with a recovery in the US IPO market, which has been driven by investor optimism about economic stability. Furthermore, there has been renewed interest in new listings in 2024. OpenAI's introduction of ChatGPT has also stimulated demand for AI technology, leading to large investments in the industry.

Major technology companies, such as Microsoft and Alphabet Inc., have invested significantly in the infrastructure needed to support AI applications.

The company is currently talking to potential advisers about the IPO and plans to hire a lead banker in the coming months. However, based on the results of these strategic commitments, Northern Data may decide not to proceed with the IPO. So far, the company has not officially commented on these plans.