German company Northern Data AG is considering the possibility of launching an initial public offering (IPO) in the US for its AI cloud computing and data center units. 🧐📈 The value of this IPO could be up to $16 billion, according to Bloomberg News sources.

Northern Data is considering merging its cloud computing branch Taiga with its data center operations Ardent. This combined entity could list on Nasdaq in the first half of 2025.

This decision coincides with a rebound in the US IPO market. This is supported by investor optimism about economic stability, coupled with a revival of interest in new listings in 2024.

Northern Data is now meeting with potential advisors about the IPO and plans to engage leading banks in the coming months. However, based on the results of these strategic engagements, Northern Data may not decide to move forward with an IPO.

The Frankfurt-based company went public in 2018, and its shares have fallen about 5% this year. This reduced the market valuation to around 1.3 billion euros ($1.4 billion).

Northern Data is adapting energy-intensive data centers to enable AI applications in response to crypto mining's shrinking business margins.

The company is using those funds to purchase advanced AI chips from Nvidia Corp. and plans to distribute about 20,000 H100 chips by the end of summer.

What do you think of Northern Data? We are waiting your comments! 😄💬👇