Firmus Scraps Planned ASX Listing Amid Market Volatility
Nvidia-backed Australian data centre operator Firmus withdrew its planned IPO of nearly $5 billion on the ASX in October 2026, citing market volatility and prevailing market conditions after reports of falling valuation and investor doubts.
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| Oct 9, 11:00 AM | abc.net.au | How Firmus, the biggest IPO in three decades, fell over |
| Oct 9, 12:14 AM | bbc.co.uk | Nvidia-backed data centre firm scraps IPO as AI valuation concerns deepen |
| Oct 8, 10:31 PM | theguardian.com | From boom to bust in five days: how Firmus’s much-hyped Australian stock market listing imploded |
| Oct 8, 9:45 PM | theinformation.com | Nvidia-Backed Firmus Scraps $5 Billion Australia IPO as Markets Wobble |
| Oct 8, 9:37 PM | theguardian.com | Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company |
| Oct 8, 8:51 PM | cnbc.com | Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility |
| Oct 8, 8:11 PM | ft.com | Nvidia-backed data centre operator pulls $5bn IPO |
| Oct 7, 5:57 PM | theguardian.com | Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut |