FRANKFURT (dpa-AFX Broker) - Among the second-line stocks, the shares of Northern Data benefited prematurely from AI fantasies on Tuesday morning. They rose by 14 percent to 28.50 euros on the Tradegate trading platform compared to the Xetra close.

The company is talking to potential advisors about an IPO in the USA for its combined AI cloud computing and data center business areas, as the Bloomberg news agency reported, citing people familiar with the matter. The banks had proposed valuations for the business in a range of around 10 to 16 billion US dollars (up to 14.9 billion euros). For comparison: Northern Data is currently valued at a good 1.3 billion euros on the stock exchange - before the expected jump in the share price on Tuesday.

The listing of the division with cloud computing activities called Taiga and the data centers called Ardent could already take place in the first half of 2025, it was further reported. Northern Data did not want to comment on the possible plans, according to Bloomberg./mis/men

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