Technology · Press ✓ 3 outlets
Nvidia-backed Firmus shelves its US$5 billion Australian IPO
Firmus, an Australian AI data centre operator backed by Nvidia, shelved its initial public offering, which could have raised about US$5 billion (Reuters, CNA, ST). The Straits Times said it will look at private funding and called the move a warning about AI funding.
It is a sign investors are more cautious about the valuations of AI infrastructure companies.
Relevant to Singapore's data-centre sector and to investors in AI-linked shares.
Watch whether other AI listings are delayed.
DailyDrop Singapore edition No. 6 · Morning · SAT., OCT. 10, 2026