NVIDIA-backed Australian AI data-center operator Firmus has withdrawn its planned IPO, citing market volatility and broader market conditions. The company had aimed to raise A$5bn at A$11 per share; if completed the deal would have been the second-largest IPO in Australian history.

2026-10-09

NVIDIA-backed Australian AI data-center operator Firmus has withdrawn its planned IPO, citing market volatility and broader market conditions. The company had aimed to raise A$5bn at A$11 per share; if completed the deal would have been the second-largest IPO in Australian history.