Major Share Market Float of Firmus in Trouble as Interest Wanes

Firmus pulls down deal docs as bankers try shrinking $7.9b IPO

In addition to slashing the IPO’s valuation, Firmus’ bankers have also kicked off talks to shrink the $7.9 billion raising target in a last-ditch effort to save the float.

Major share market float of Firmus in trouble as interest wanes

The company is reportedly having to price its shares lower as it closed its books to potential investors abruptly overnight.

Nvidia-Backed Firmus Said to Close Books as Mega IPO Struggles

Australian data center company Firmus Grid Ltd. has closed the books on its struggling initial public offering as investors grew increasingly concerned that the deal could be pulled, according to people familiar with the information.

Firmus closes books on struggling IPO amid investor concerns

Investor skepticism over Firmus' IPO highlights broader concerns about AI infrastructure valuations and financial sustainability in volatile markets.