Hedge fund Third Point is set to play a leading role in a planned $3.5bn pre-IPO fundraising by AI cloud infrastructure provider Nscale, as the company prepares for a potential public listing, according to a report by Reuters.
The report cites an unnamed person familiar with the matter as revealing that Nscale is in discussions with investors over a financing that could comprise up to $1.5bn of convertible notes, alongside a potential $2bn investment from Nvidia.
New York-based Third Point, foun...
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