AIBloomberg1h ago
Sources detail how Firmus' IPO collapsed in 48 hours
Sources detail how Firmus' IPO collapsed in 48 hours after US fund managers deemed its $30B valuation too rich for a company with just $51M in FY 2026 revenue
TL;DRFirmus' IPO failed when investors rejected its $30B valuation as unrealistic for revenue projections.
Why it matters: Shows market discipline reasserting itself against inflated AI startup valuations post-hype cycle.
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Read full articleSource: Bloomberg · Opens in new tab