(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)
