US Midterms Raise Bar for Data Center IPOs as Neocloud Stocks Slump

Cointime reports: Democratic sweeps in Congress and state governor races have sent shares of so-called neocloud data center providers sharply lower, as investors and management teams reassess risks of higher costs and construction delays. Investors said the election marks a shift, with victories by data center-skeptical candidates raising the threshold for development in those areas. The volatility also hit chipmaker Nvidia and power equipment firm GE Vernova ahead of potential IPOs by Aggreko and SB Energy.