Nscale is pitching investors on $103 billion in contracts ahead of a September IPO

What happened

The U.K.-based cloud infrastructure company's contracts average 5.7 years in duration, implying about $18 billion in annualized revenue

Summary assembled by rule from the sources below

Timeline

1. 13:12
   First appeared on Yahoo FinanceYYahoo Finance
2. 13:20
   Quartz started reportingQQuartz

Sources