NSCALE's IPO

Filed Sep 18, 2026 (Form S-⁠1). No terms yet. Applied to list on NYSE as NSCL.

Ticker
NSCL

Filed Sep 18 · NYSE · Form S-1

Breakaway does the work for you: insider and Congress trades, the chart, and the financials, in one score.

Once NSCALE lists, Breakaway scores it against every US stock

  • Its Quality Score from its second session, ranked against 3,191 stocks
  • Every insider trade, the day it is filed
  • The lock-up's end on your calendar, once the prospectus dates it
  • An alert when its score is first set, and when it turns
Get an alert the day NSCALE lists

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From its Form S-1 on SEC EDGAR, filed Sep 18, 2026.

What does NSCALE do?

“Nscale is a full-stack AI hyperscaler, building the engine of superintelligence.”
From its Form S-1, filed Sep 18, 2026
NSCALE's facts, each with its source
FactNSCALE
Founded2009From its Form S-1 of Sep 18, 2026
IncorporatedEngland and Wales, 2024From its Form S-1 of Sep 18, 2026
Employeesover 1,000 full-time, as of August 31, 2026From its Form S-1 of Sep 18, 2026
Websitenscale.comFrom its Form S-1 of Sep 18, 2026

What is the offering?

Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.

NSCALE's facts, each with its source
FactNSCALE
UnderwritersGoldman Sachs, J.P. Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, and Deutsche Bank, and 16 moreFrom the Form S-1 filed Sep 18, 2026, as its cover names them
ExchangeNew York Stock Exchange, as NSCL (applied to list)From the Form S-1 filed Sep 18, 2026

What the filing says about its money

NSCALE's facts, each with its source
FactNSCALE
Revenue$33 million, year to December 31, 2025From its Form S-1 of Sep 18, 2026, its summary financial data
Cash$1.50 billion, as of June 30, 2026From its Form S-1 of Sep 18, 2026: cash and cash equivalents
Last preferred stockSeries C preferredFrom its Form S-1 of Sep 18, 2026

What risks does NSCALE name first?

  1. “Our recent growth may not be indicative of our future growth, and if we do not effectively manage our future growth, our business, operating results, financial condition, and future prospects may be adversely affected.”
  2. “Our business is vertically-integrated and therefore highly capital-intensive, and we will require additional capital to fund our business and support our growth, and any inability to generate or obtain such capital on acceptable terms, if at all, or to lower our total cost of capital…”
  3. “Our current pipeline and future growth rely on significant continued expansion of our data center footprint.”

The first three of the risks its prospectus summary lists, in the company's words. The rest, and each in full, are in the filing. Read the filing.

Every date of NSCALE's IPO

NSCALE's IPO dates, each with its source
WhatDay
Registration filedForm S-1, SEC EDGARSep 18, 2026
Lock-upPer its Form S-1; the day comes once it lists180 days

The other IPOs expected

The other IPOs expected or in registration
CompanyPrice

NSCALE IPO questions

When is NSCALE's IPO?

Filed Sep 18, 2026 (Form S-⁠1). No terms yet. Applied to list on NYSE as NSCL.

What is NSCALE's IPO price?

NSCALE has not set a price range yet; its Form S-⁠1 of Sep 18, 2026 leaves it blank.

Who are the underwriters?

Goldman Sachs, J.P. Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, Deutsche Bank, Credit Agricole, TD Securities, Mizuho, KeyBanc Capital Markets, Cantor, SMBC Nikko, Wolfe | Nomura Alliance, Citizens Capital Markets, Loop Capital Markets, Roth Capital Partners, ABN AMRO, Compass Point, DNB Carnegie, Rosenblatt, SEB, and Tigress Financial Partners, as the prospectus's cover names them.

When does the lock-up end?

Its prospectus sets a lock-⁠up of 180 days; the day it ends is read from its final prospectus once it lists.

Does Breakaway rate NSCALE?

Breakaway scores a new stock from its second trading day, ranked against every US stock it scores. For its first 21 sessions the page says New listing in place of the tier, and each check that needs more history waits for it.

Can Breakaway say where NSCALE's price will go?

No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.

Where every figure comes from.

  • Each company's SEC filings on EDGAR, read twice a day: its registration (Form S-1 or F-1), the amendment that sets its price range, and its final prospectus (424B4). The shares, the price, the underwriters, the lock-up, and the company's words are the filing's, linked on each line.
  • The expected day is Massive's IPO calendar's, the first trade the market data's, and the moves each stock's daily closes against its offer price.
  • The market cap is Breakaway's arithmetic: the shares the prospectus says will be outstanding after the offering, times the midpoint of the range or the offer price.
  • The Quality Score is Breakaway's, from a stock's second trading day; for its first 21 sessions it is marked New listing, and each check that needs more history waits for it.
  • Blank-check companies (SPACs) and unit offerings are left out and counted; a direct listing and a US listing of a company listed abroad are in and marked.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

Once NSCALE lists, Breakaway scores it against every US stock

  • Its Quality Score from its second session, ranked against 3,191 stocks
  • Every insider trade, the day it is filed
  • The lock-up's end on your calendar, once the prospectus dates it
  • An alert when its score is first set, and when it turns
Get an alert the day NSCALE lists

See it live, free until Wednesday morning. No account. No card. Then keep going with a free account.

Every IPO expected and listed.

Not advice. Figures from each company's SEC filings, linked on each line. Breakaway is not an underwriter, broker, or adviser, and does not say where a price will go.

Our top-scored stocks' record: Oct 2021 to Sep 2026, before costs; recorded live since Sep 9 2026.

Breakaway publishes impersonal securities research and analytical tools: one formula, the same score for everyone. It is not personalized investment advice, and nothing here is a recommendation to buy or sell any security.

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