[DEVELOPING] Nscale raises $3.36B pre-IPO convertible led by Third Point; Nvidia commits $1B; NYSE ticker NSCL pending
$2.36B closed plus $1B from Nvidia funding mid-November, converting automatically at IPO (non-voting for Nvidia); Apollo, Citadel, Hudson Bay, ADIC and 8090 among holders; Goldman placement agent and lead underwriter with JPMorgan and Morgan Stanley. S-1 filed a week earlier; press-reported valuation target $30-35B versus $14.6B at the March Series C; contracted value above $103B including Anthropic's $45B (August). Next: amended S-1 with a price range.