Nvidia-backed data center firm Firmus withdraws planned IPO
Firmus, an Australian AI data center operator backed by Nvidia, has withdrawn its planned stock market listing, citing market volatility.
Firmus, an Australian AI data center operator backed by Nvidia, has withdrawn its planned initial public offering.
The company said it made the decision because of "recent market volatility and prevailing market conditions," according to BBC News. CNBC also reports the withdrawal came amid market volatility.
The reports do not say how much the company planned to raise, what valuation it sought, or whether it will try to list again.
Reported by
- CNBCNvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatilityThu, Oct 8, 9:02 PM EDT
- BBC NewsNvidia-backed AI data centre firm scraps mega stock market listingThu, Oct 8, 11:41 PM EDT
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.