Germany's Northern Data to initiate Frankfurt uplisting, explores global listing
Published by Global Banking and Finance Review
Posted on February 28, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on February 28, 2025
(Reuters) - Germany's Northern Data said on Thursday that it has started the process to uplist to the Prime Standard listing on the Frankfurt Stock Exchange in 2025.
The technology company said it intends to complete the uplisting by next year, aiming to increase trading liquidity and expand its investor base.
The Frankfurt bourse's Prime Standard listings carry higher transparency requirements than General Standard listings and mandate that all reporting be conducted in both English and German.
The company said it would continue to explore further listing options on other major global exchanges for the group, the subsidiaries, or both.
In a report last year, Bloomberg News reported that Northern Data was exploring a U.S. initial public offering for its AI cloud computing and data center units, valuing them at about $16 billion.
The company plans to enlist an entity comprising its cloud computing unit, Taiga, and data centers known as Ardent, on the Nasdaq stock exchange as early as the first half of 2025, the report added.
(Reporting by Bipasha Dey and Urvi Dugar in Bengaluru; Editing by Mohammed Safi Shamsi)