Aker shares fall on worries over Nscale IPO valuation
BUZZ-Aker shares fall on worries over Nscale IPO valuation ** Aker ASA AKER.OL shares fall almost 6%, with analysts linking the decline to growing concerns around portfolio company Nscale
** Danske Bank says negative AI-sector news continue to weigh on sentiment, also citing weakness in AI infrastructure peer CoreWeave
** The broker points to reports that Microsoft has withdrawn from an Nscale data-centre project in Loughton, UK, amid delays and uncertainty over power availability
** According to media reports cited by Danske, some investors are seeking to cut Nscale's IPO valuation to $16 billion-$19 billion from $30 billion-$35 billion
** Danske says a weaker IPO market could leave existing shareholders needing to provide additional funding if Nscale's planned flotation is delayed or fails to materialise
** Today's losses wiped off 5.3 billion Norwegian crowns ($562 million) from the company's market cap
($1 = 9.4226 Norwegian crowns)
(Reporting by Agnieszka Gosciak-Rabalska)
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