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Nvidia-backed Firmus shelves its roughly $5B Australian IPO, citing market volatility

Firmus, the Nvidia-backed Australian data center operator, withdrew its planned IPO of about $5B, priced at A$11 a share for a $30.6B equity valuation, nearly triple its August round. The company cited market volatility and says it will seek private capital. Reuters, per Nikkei Asia, reported lukewarm demand and investor concern over valuation and debt.

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Nikkei Asiaasia.nikkei.com/business/markets/ipo/nvidia-backed-firmus-scraps-5bn-australian-ipo-on-weak-demand

Coverage · 2 articles, oldest first

Thursday, October 8, 2026

  1. CNBC

    Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility

Friday, October 9, 2026

  1. Nikkei AsiaPrimary

    Nvidia-backed Firmus shelves its roughly $5B Australian IPO, citing market volatility
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