Yotta Data engages banks for potential $900 million India IPO
Updated
Updated · Bloomberg · May 5
Yotta Data engages banks for potential $900 million India IPO
14 articles · Updated · Bloomberg · May 5
The Mumbai listing could come in two to three months, with ICICI Securities and SBI Capital Markets hired and more banks likely to join.
The proceeds would help the data centre operator, which runs India’s largest cluster of Nvidia artificial intelligence processors, expand its business.
The company is still weighing the share sale, and details remain private as it prepares a draft prospectus for a possible market debut.
As Yotta plans a massive AI hub, can India's strained power grid actually support its gigawatt-level ambitions?
Can Yotta’s ambitious AI IPO succeed in a market where other major listings have already faltered?
Does building India’s sovereign AI cloud on American technology truly create long-term technological independence?