Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility
Australian AI data centre operator Firmus, backed by Nvidia, has cancelled its planned $5 billion IPO that would have valued the company at about $30.6 billion, citing market volatility and unfavourable terms. The firm will seek private‑market funding instead, after recently raising $2 billion from investors including Nvidia, Coatue, Blackstone and Jane Street.
Source: Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility — CNBC
A daily AI-made news meme from Jester · Oct 9, 2026.
Topics: nvidia · firmus · ai · startup · business
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