What are Yotta Data Services’ plans for a January–March 2027 IPO, including its intended October 2026 draft filing, potential fundraising of up to $1.5 billion and how the proceeds would be used for debt repayment, Nvidia GPU purchases, and sovereign-cloud expansion; why might th

Yotta Data Services is targeting an IPO in January–March 2027, after filing draft papers in October 2026. It may seek up to $1.5 billion, but the eventual IPO could be smaller because it is already raising pre-IPO capital. 1

• Planned use of IPO proceeds: Yotta says the funds would repay debt, acquire Nvidia GPUs, and expand its sovereign-cloud infrastructure—services designed to keep data within national borders. 1

• Why the IPO size may fall: CEO Sunil Gupta said Yotta’s pre-IPO fundraising has already met a substantial part of its funding goal. He did not disclose the total raised, but said separately that Yotta had secured $150 million of primary growth capital at an approximately 370 billion rupee ($3.9 billion) valuation. 1

• What supports the investment case: AI-computing demand is growing while GPU prices and data-centre capital needs rise, pushing operators toward public-market financing. Global technology companies, including Google and Amazon, are expanding in India. 1

• India’s relative advantage: Yotta sees an opening because power limitations and GPU shortages constrain data-centre expansion in the United States and Europe, while geopolitical tensions increase uncertainty in the Middle East. Gupta described India as an increasingly attractive “green market” for AI infrastructure. 1

• Tax incentive: A 20-year tax holiday announced by India in February for foreign firms using local data centres has strengthened overseas customers’ confidence, according to Gupta. 1

• International customer mix: Global customers account for roughly 75%–80% of Yotta’s customer base. 1

• Proposed GPU-SPV model: Partners could buy GPUs through special-purpose vehicles, share the revenue generated by those chips with Yotta, and transfer GPU ownership to Yotta after four to five years. This could lower Yotta’s upfront capital burden while allowing it to add computing capacity and ultimately own the equipment. The precise commercial terms, risk allocation, and accounting treatment were not disclosed. 1