Firmus - GoKawiil

Nvidia-backed Firmus pulls planned $5 billion Australian IPO

Firmus, the Nvidia-backed Australian AI data center operator, has withdrawn its planned initial public offering, which would have raised about $5 billion and ranked as Australia's second-largest share sale ever. The company said market volatility and unfavorable offer terms led its board to scrap the listing, and it will instead seek funding through private markets while weighing other public or private options.

cnbc.com · 2026-10-09

Nvidia-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.

bbc.co.uk · 2026-10-09