Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom
The Hiranandani Group-backed firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said.
The News Flicker
The Hiranandani Group-backed firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said.
Data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks to capitalise on booming demand for AI computing infras…
Originally published by BusinessLine. Read the full article →
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