Nscale updates IPO prospectus that shows widening loss

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Nvidia -backed neocloud Nscale on Thursday released updated paperwork for a U.S. initial public offering. The company had a third-quarter net loss of $1.69 billion on $307.5 million in revenue, which was up 1,344% year over year, according to an updated prospectus for its planned initial public offering. The net loss widened from $1.02 billion in the second quarter, when the company generated $140.6 million in revenue, up 1,252%. London-based Nscale filed to go public in September , but hasn't updated its prospectus since then. The company did not specify how much it intends to raise in the public offering on the New York Stock Exchange. Microsoft walked away from an Nscale data center that it had planned to use in England.