GoKawiilNvidia-backed Firmus pulls planned $30bn Australian stock market listing
Firmus, an AI data centre operator backed by Nvidia, Blackstone and Jane Street, has abandoned plans for a stock market debut that would have valued it above $30bn, citing market volatility and investor interest. The company said it will instead seek funding through private markets while weighing other public and private options. The withdrawal follows UniSuper and other institutional investors declining to join the IPO over valuation concerns.