Nvidia-Backed Firmus Scraps $5 Billion IPO as Market Conditions Undermine Valuation

Australian AI data center operator Firmus has withdrawn its planned $5 billion initial public offering, citing market volatility and unfavorable conditions after determining that the proposed terms did not adequately capture the strength of its business and long-term growth prospects. The decision puts on hold one of Australia’s largest prospective share offerings and highlights the […]

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