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# Yotta Plans to go Public, Eyes $463 Mn in IPO Proceeds
- URL: https://www.theleftshift.com/yotta-plans-to-go-public-eyes-463-mn-in-ipo-proceeds/
- Published: 2025-02-10T07:07:30.000Z
- Updated: 2025-02-10T07:07:30.000Z
- Description: Yotta plans to utilize the IPO proceeds to fund its continued expansion and enhance its GPU infrastructurea
- Author: The Left Shift Bureau
- Tags: AI Startups, #a42

[**Yotta Data Services**](https://yotta.com/?ref=theleftshift.com), a leading data center and **cloud computing** firm backed by the **Hiranandani Group**, has officially submitted its final application to the **US Securities and Exchange Commission (SEC)** for a **Nasdaq** listing. 

While the exact size of the **initial public offering (IPO)** remains undisclosed, a company presentation to the SEC revealed that the listing is expected to raise approximately **$463 million (₹4,064 crore)** in cash. The final registration form was filed on **December 30** through Yotta's holding entity, **Nidar Infrastructure**.

“We are in the process of our public listing with the US SEC,” said **Sunil Gupta**, CEO of Yotta. “While the final IPO size is not yet disclosed, this marks the first time the promoters are diluting their equity stake in Yotta. The listing is expected soon, subject to regulatory approval.”

#### Yotta's IPO Proceeds: Fueling Expansion and GPU Infrastructure Growth

Yotta plans to utilize the IPO proceeds to fund its continued **expansion** and enhance its **GPU infrastructure**. The company has already installed **4,000 GPUs** across its data centers and is in the process of activating an additional **2,000 GPUs**. Yotta has also secured **two major clients** and is supplying over half of the advanced chips acquired by the **Indian government** under its **AI Mission**.

#### Yotta’s Valuation and Financial Projections

According to the company’s SEC filing, Yotta is valued at **$4.2 billion**. Despite reporting **$44.6 million in revenue for FY24**, Yotta expects significant growth in the current fiscal year, projecting a jump to **$143.3 million** in revenue.

However, Yotta’s high capital expenditures, driven by investments in **real estate**, **power**, **cooling infrastructure**, and **NVIDIA GPUs** (which are priced around **$40,000** each), have kept the company in the red. The company is forecasting a **net loss of $113 million** for FY25, with the loss expected to narrow to **$62 million** the following year.