Nvidia-backed Firmus scraps A$5bn Australia IPO on weak demand, to pursue private capital

Nvidia-backed data center company Firmus has scrapped its A$5bn Australian IPO on weak demand and will pursue capital from private markets, after closing the books on its struggling float at a cut price of A$8.25 a share. Bloomberg had reported the postponement was being weighed.

Detected & updated continuously · Source: Nebula