StartupsQuartzabout 2 hours ago
Firmus Withdraws IPO, Seeks $3 Billion Private Deal
2 min read
Firmus Grid Ltd. withdraws its planned $5 billion Australian IPO due to market volatility, citing terms that do not reflect business strength. The Nvidia-backed data center operator now explores a private funding round of $2 billion to $3 billion with existing investors, while also considering a potential U.S. listing over the longer term.
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