ASP is testing investor appetite for a possible share sale, according to people familiar with the outreach who asked not to be named because the talks are private. One person said a listing could happen as early as this year. No decision has been made, and there is no guarantee the IPO will go ahead.
The company has teamed up with Arctic Securities AS and DNB Carnegie Holding AB as its investment-banking advisers. ASP and DNB Carnegie did not offer an immediate comment when contacted. Arctic declined to comment.
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In a separate move last month, Arctic and DNB Carnegie helped ASP secure 1.6 billion Norwegian kroner in a bond transaction to support expansion. ASP builds infrastructure for AI and computing data centers and recently disclosed a 2 billion kroner order backlog.
If ASP lists, it would be among the first AI-linked offerings to hit Europe since the technology's rapid adoption fueled a rush of listings in North America and Asia. Others are lining up too. Luxembourg-based LIAN Group is weighing a float next year that may raise around $500 million, and Singapore-based DayOne Data Centers Ltd. filed for a US IPO on Monday.
Also in play, in February ASP's parent, ASP Eiendom AS, stated it would weigh strategic alternatives for its majority holding, including a full company sale. For your money, this is another sign that AI infrastructure is moving from buzz to build-out, with fresh capital chasing real projects rather than just promises.
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