LIAN Group Considers European or U.S. IPO in 2024 to Raise $500 Million

Luxembourg-based AI and computing infrastructure developer LIAN Group is considering an IPO in either Europe or the United States next year as part of a plan to secure around $500 million (approximately 68.5 billion won). Bloomberg reported on Thursday that LIAN Group has engaged STJ Advisors as financial advisors for potential IPO underwriting, though the exact listing location and final fundraising amount remain subject to change.

Founded by Fiorenzo Manganiello and Nessim-Sariel Gaon, LIAN Group's main projects include Norway's PolarDC data center platform and Israel's Anan AI infrastructure platform.