Firmus Grid

“The collapse of Firmus Grid's planned $5 billion IPO is the latest sign that public investors are growing more selective about AI infrastructure companies, demanding valuations that better reflect operating scale, debt costs, and revenue visibility”

“Nvidia-backed Australian data center company Firmus Grid is set to postpone an IPO that had sought to raise as much as $5.5 billion at a roughly $30.4 billion valuation and is weighing a private funding round instead”