Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Aker ASA ( (AKAAF) ) just unveiled an update.
Aker ASA has become one of the largest shareholders in Nscale Global Holdings Ltd. by acquiring a 9.3% stake through a USD 285 million investment in Nscale’s oversubscribed Series B funding round. This strategic move positions Aker to benefit from long-term value creation and potential public market gains, with the possibility of increasing its stake to 12.2% through future earn-outs. The Aker-Nscale joint venture, expected to close in Q4, will see both companies holding equal ownership, with the potential for Aker’s stake to convert into additional Nscale shares at a future IPO. This collaboration underscores Aker’s commitment to industrial relevance in the AI age, with OpenAI and Microsoft as initial customers.
The most recent analyst rating on (AKAAF) stock is a Sell with a NOK565.00 price target. To see the full list of analyst forecasts on Aker ASA stock, see the AKAAF Stock Forecast page.
More about Aker ASA
Aker ASA is an industrial investment company based in Fornebu, Norway, with a history dating back to 1841. The company focuses on building and developing leading firms across sectors such as energy, industrial software, renewables, and marine biotechnology. Aker leverages its industrial expertise, financial strength, and capital markets insight to drive long-term value creation through active ownership.
Average Trading Volume: 34,930
Current Market Cap: NOK56.24B
For a thorough assessment of AKAAF stock, go to TipRanks’ Stock Analysis page.