TechBloomberg Tech1h ago
Nvidia-Backed Firmus Said to Close Books
Nvidia-Backed Firmus Said to Close Books as Mega IPO Struggles
TL;DRNvidia-backed Australian data center startup Firmus abandoned its IPO due to weak investor demand.
Why it matters: Shows cooling appetite for AI infrastructure IPOs and signals investor skepticism about valuations in the sector.
Australian data center company Firmus Grid Ltd. closed the books on its struggling initial public offering as investors grew increasingly concerned that the deal could be pulled, according to people familiar with the information.
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