Skip to content
LiveNext 13:54:08
topfive.ai
SettledBusiness

Nvidia-backed Firmus weighs cutting its Australian IPO price after weak investor demand

SmartCompany, citing Australian Financial Review and The Australian reporting, says Firmus may cut its $11 per share IPO price to $9, about 18%, on weaker-than-expected international demand. At $11 the equity value was $43.7B on a $7.1B raise. Scrapping the listing is reportedly an option. Firmus was valued at $15B in August. These are market-source reports, not a Firmus statement.

HEAT
OUTLETS
8
FIRST SEEN
LAST SIGNAL

Primary source

SmartCompanysmartcompany.com.au/artificial-intelligence/firmus-could-slash-share-price-by-nearly-20-or-pull-ipo/

Coverage · 8 articles, oldest first

Thursday, October 8, 2026

  1. Bloomberg

    Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding

  2. PYMNTS.com

    pymnts.com/news/investment-tracker/ipo/2026/nvidia-backed-firmus-grid-ipo-reveals-investors-artificial-intelligence-jitters/

  3. Reuters

    reuters.com/world/asia-pacific/firmus-investor-stock-falls-after-reports-ai-data-centre-operator-may-cut-5-bln-2026-10-08/

  4. SmartCompany

    smartcompany.com.au/artificial-intelligence/firmus-could-slash-share-price-by-nearly-20-or-pull-ipo/

  5. Capital Brief

    capitalbrief.com/briefing/investors-cooled-on-firmus-at-last-minute-over-valuation-selloff-concerns-bloomberg-f3427a6d-3799-4dd6-90f5-86911a8fdf9c/

  6. Coinpaper

    coinpaper.com/36995/nvidia-backed-firmus-cuts-ipo-valuation-25-ahead-of-australian-listing

  7. Australian Financial Review

    afr.com/technology/firmus-blockbuster-ipo-finds-itself-in-a-36-hour-spiral-of-doom-20261008-p613ul

  8. ZeroHedge News

    zerohedge.com/markets/another-one-bites-dust-nvidia-backed-firmus-slashes-ipo-price-25-ai-data-center-window
ShareXLinkedInHacker NewsEmail
← The whole wire