Market News / Story
Nvidia-backed AI firm Firmus cancels historic $5B IPO
Seeking Alpha ·
Seeking Alpha reports: Australian AI data center operator Firmus, which is backed by Nvidia , has withdrawn its planned mega initial public offering, citing market volatility and conditions. Firmus said its board determined that the terms of the proposed offering did not adequately reflect the strength of its business and long-term growth outlook, according to multiple media reports. “The board therefore concluded that proceeding with the offer was not in the best interests of the company…