Northern Data is a global leader in high-performance computing (HPC) and blockchain solutions.
Specializing in large-scale data centers and HPC services, Germany-based Northern Data is well-positioned to take advantage of the growing demand for cloud computing and blockchain technologies.
While Northern Data hasn’t confirmed any plans for an IPO, rumors and speculation about the possibility continue to circulate around the company.
The company is reportedly in discussions with potential advisers regarding a U.S. initial public offering at a valuation of as much as $16B, according to sources familiar with the situation.
With its potential IPO, investors are eager to see how this company will expand its footprint in these rapidly evolving industries.
Northern Data IPO
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Why do companies offer IPOs?
Companies raise capital from the capital markets through an IPO. The capital raised could be used for various business requirements such as capacity expansion, product diversification, entry into a new region, major R&D initiatives, merger and acquisition activities, etc. Disclosure of the proposed use of the funds must be mentioned in the offering memorandum. The advantage for a company to raise capital through an IPO over other traditional financing channels such as loans is public visibility and the opportunity to enhance market capitalization. The layman gets the opportunity to buy shares and holds a small share of the company’s ownership. Therefore, from a valuation perspective, it makes sense for companies to opt for the IPO route.