India's Yotta targets Jan-March 2027 IPO, seeks up to $1.5 billion amid AI boom

Sept 2 : Indian data centre operator Yotta Data Services plans to launch an IPO in the January-March quarter of 2027, CEO Sunil Gupta told Reuters, as it seeks to capitalise on booming demand for AI computing infrastructure.The Hiranandani Group-backed firm is looking to file draft IPO papers in October and aims to raise up to $1.5 billion to repay debt, buy graphics processing units and expand sovereign cloud infrastructure that keeps data within national borders, he said.The move comes as demand for AI computing infrastructure surges and global tech giants, including Google and Amazon, expand their presence in India.Yotta is currently raising pre-IPO capital and expects the IPO portion to be smaller than initially planned because much of its fundraising target has already been met, Gupta