LIAN Group explores $500M IPO for AI data center expansion
In brief
- LIAN Group explores $500M IPO to accelerate data center expansion and AI infrastructure development.
- Company in discussions with STJ Advisors for underwriter selection, targeting 2027 Europe/US listing.
- LIAN portfolio includes PolarDC and Anan platforms serving AI and high-performance computing workloads.
Funding the expansion
LIAN Group has poured hundreds of millions of dollars into technology and infrastructure projects. The $500 million raise would be directed toward expanding data center development and scaling capacity across its portfolio. No revenue or earnings figures for LIAN have been publicly disclosed, though the company's infrastructure footprint continues to grow.
Portfolio and market positioning
LIAN's assets span multiple jurisdictions. PolarDC, a Norwegian data center platform that launched publicly in September 2024, is designed to serve high-performance computing and AI workloads, leaning heavily on renewable energy sources and energy-efficient cooling solutions. The company also operates Anan, an Israeli data center platform, as part of its diversified portfolio.
Co-founded by Fiorenzo Manganiello and Nessim-Sariel Gaon between 2017 and 2019, LIAN is entering the IPO market at a moment of rising institutional interest in pure-play AI infrastructure. Csquare completed a $1.21 billion IPO in New York in July 2026, demonstrating that public markets have appetite for companies focused on data center development. Blackstone raised $2 billion for a data center-focused investment vehicle in May 2026, underscoring the sector's momentum.
Strategic timing
The IPO would position LIAN to compete in a market where capital is flowing toward infrastructure that supports AI training and inference. Renewable energy integration and efficient cooling remain competitive advantages. The company's dual-listing strategy across Europe and the US reflects the global nature of data center demand and regulatory oversight in this space.
