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Firmus is set to postpone its IPO and is weighing a private funding round instead, after some investors suggested its pricing strategy is aggressive

Firmus Grid Ltd. abandoned its attempt at one of Australia's biggest-ever initial public offerings, after the Nvidia Corp.-backed …

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Firmus is set to postpone its IPO and is weighing a private funding round instead, after some investors suggested its pricing strategy is aggressive

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Bloomberg — Firmus is set to postpone its IPO and is weighing a private funding round instead, after some investors suggested its pricing strategy is aggressive ↗

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Related stories

Bloomberg: 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

Bloomberg: The IPO of Nvidia-backed data center provider Firmus is uncertain after failing to attract adequate support, underscoring concerns over AI funding

Bloomberg: Firmus plans to allocate ~50% of its IPO shares to existing holders, as investor demand far exceeds the offer size in one of Australia's largest IPOs

The Information: Nvidia is in talks to invest hundreds of millions of dollars in Firmus, which pulled its IPO earlier in October, citing market volatility

Bloomberg: DayOne is weighing options for its US IPO, including a delay or smaller listing that could raise $2.5B to $3B, after initially seeking up to $5B in Q4

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