Germany's Northern Data announced on Thursday that it has initiated the process to upgrade to the Prime Standard listing on the Frankfurt Stock Exchange by 2025. The technology company aims to complete this transition next year to enhance trading liquidity and broaden its investor base.

The Prime Standard listing on the Frankfurt bourse imposes stricter transparency requirements compared to General Standard listings, mandating reporting in both English and German. Northern Data also plans to assess additional listing opportunities on other global exchanges for the company, its subsidiaries, or both.

Bloomberg News reported last year that Northern Data was considering a U.S. initial public offering for its AI cloud computing and data center units, with an estimated value of around $16 billion. The company intends to list a subsidiary comprising its cloud computing unit, Taiga, and Ardent data centers on the Nasdaq stock exchange as early as the first half of 2025.