
Episode #78
#78: Nscale IPO Preview — Is it Worth $35 Billion? Plus, the OURA IPO and AI Inference Startups
The Sunday Newsletter (it's Free) Invest in upcoming IPOs at Coinbase (affiliate) Access Club on Patreon: 7-Day Free Trial Use Coupon Code *UP2026* to save (before Sept 30th) Craig updates viewers on the upcoming OURA IPO. The company set terms this week and is planning a September 30th OURA IPO date. Coinbase will be a group selling member, offering IPO access to customers for the first time in its history. Nscale filed for an IPO on September 18th and is targeting a $35 billion IPO valuation. But is contracted revenue a reliable metric on which to base the IPO valuation? Craig walks through the S-1 filing as we anticipate a mid-October Nscale IPO date. In IPO Radar news, four AI inference startups are on FIRE: Baseten, Modal Labs, Fireworks AI, and Together AI. (0:00) Intro (0:54) OURA IPO Date and Terms (1:55) OURA Shareholders (3:17) OURA Valuation (4:29) Coinbase OURA IPO (5:19) Coinbase IPO Flipping Policy (5:48) Sign up/Disclosures (6:09) Best IPO Brokers (6:54) Fall IPO Pipeline (7:18) Nscale IPO Preview (12:34) Nscale Contracted Revenue (13:32) Nscale Financials (15:47) Concentration Risk (17:34) Big Questions (20:10) IPO Radar News (20:39) AI Inference Startups (21:10) Baseten Valuation (21:53) Modal Labs (22:57) Fireworks AI (24:30) Together AI (25:05) OpenRouter (26:07) What is AI Inference? (27:34) Still Here?

