Report
Nvidia-backed Firmus withdraws Australian IPO plans
The Straits Times, carrying Bloomberg reporting, says the US$5.5 billion listing failed to draw enough support at A$11 a share.
TLDR
Firmus said on October 9 that it was withdrawing its Australian IPO and would seek private-market capital instead. The Straits Times, carrying Bloomberg reporting, says the Nvidia-backed data center company could not attract enough support for its planned US$5.5 billion listing at A$11 a share. Firmus cited market conditions; investors raised concerns about its valuation and the funding needed to build more data centers.
Combined views
1.3K
1 Source, first seen ago