Firmus, an Nvidia-backed AI data center firm, cancels its planned Australian IPO after citing market volatility and investor pushback
Funding Provisional 84% confidence first seen
Firmus, an Nvidia-backed AI data center company, scrapped its planned landmark listing on an Australian stock exchange amid market volatility concerns and investor pushback. The IPO was canceled shortly after order books closed, and the company said it will pursue private funding instead, including a planned $2–3 billion round and possible future listing options.