Market News / Story

Nvidia-Backed Firm Seeks Major Reset After IPO Collapse

GuruFocus ·

GuruFocus reports: Nvidia-backed Firmus Grid is reportedly looking to raise as much as $3 billion privately after abruptly abandoning a roughly $5 billion IPO , putting fresh focus on how AI infrastructure companies are financing increasingly expensive data-center buildouts. Firmus and its advisers are discussing a $2 billion to $3 billion private round with existing investors, according to Bloomberg. The eventual financing could combine debt and equity, although terms remain fluid and it…

VIEW SOURCE

Back to news