Banche e mercato → Nscale: $3.4B funds & debt
Nscale raises $3.4 billion ahead of IPO. Nscale closes about $3.4 billion of pre-IPO convertible bonds, which convert into shares at listing (conversion cap at a $30 billion valuation).
This deal is 1% of everything Banche e mercato pays and 3% of everything Nscale receives in this database.
- Date
- Sep 25, 2026
- Paid by
Banche e mercato- Received by
🇬🇧 Nscale- Type
- Funds & debt
- Amount
- $3.4B
- Status
- reported
- Note
- pre-IPO convertibles (about $3.36-3.4 billion)
Sources
All deals between Banche e mercato and Nscale
- Sep 25, 2026 Banche e mercato → Nscale · Nscale raises $3.4 billion ahead of IPO $3.4B
More Banche e mercato / Nscale deals
- Nov 5, 2026 Microsoft does not double Nscale Texas contract n/a
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- Nov 2, 2026 Oracle seeks another $20 billion $10B
- Oct 29, 2026 Microsoft returns to the market: $25 billion $25B
- Oct 29, 2026 Nvidia guarantees Nscale's debt n/a
- Oct 26, 2026 Banks: $42 billion of senior debt for Anthropic $42B
- Oct 15, 2026 Anthropic in talks for another $45 billion with Nscale $45B
- Oct 7, 2026 SpaceX in talks for $40 billion of debt for Nvidia chips $40B
- Sep 25, 2026 Nvidia puts $1 billion into Nscale's pre-IPO round $1B
- Sep 25, 2026 Nscale raises $3.36 billion ahead of IPO $2.4B
- Sep 18, 2026 Arm-backed loan rises to $25bn $5B
- Sep 3, 2026 Figure AI buys $3.5 billion of compute from Nscale $3.5B