StartupsWall Street Journalabout 2 hours ago
Firmus Grid Cancels $5 Billion IPO
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Nvidia-backed Firmus Grid scrapped its Australian IPO on Friday, 9 October, after failing to secure investor support for its $30 billion valuation. The firm had sought to raise $5.5 billion, though it generated only $51 million in revenue during its 2026 financial year while developing AI infrastructure powered by Nvidia hardware.
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