Lambda Seeks USD 4 Billion as USD 50 Billion Backlog Fuels IPO Plans

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Lambda Seeks USD 4 Billion as USD 50 Billion Backlog Fuels IPO Plans

Lambda is raising up to USD 4 billion at a USD 14.5 billion pre-money valuation as the GPU cloud provider prepares for a possible 2027 public listing. Coatue Management and Blackstone are leading the proposed financing, according to The Wall Street Journal.The round could become Lambda's final private financing before…