#IPO

2 stories tagged

Firmus scraps ASX listing after demand for AI datacentre IPO falls short

The $11-a-share offer would have been Australia's biggest sharemarket debut since Telstra in 1997, but the company withdrew its application after bankers overestimated investor demand.

Business1h

Nvidia-backed Firmus scraps IPO as AI valuation concerns deepen

Australian AI data centre company Firmus, backed by Nvidia, has abandoned a stock market listing that would have valued it at more than $30bn, citing market volatility as investors question AI valuations.