Regulator Making 'Routine Inquiries' After Firmus Flop

Regulator making 'routine inquiries' after Firmus flop

More questions are being asked about artificial intelligence data centre company Firmus, following its decision to abandon a planned stock market listing

Escrow plans for existing investors sank Firmus float: report

The Australian reports that a shareholder split over selling restrictions contributed to raise failing to attract enough support.

Firmus Pulls $5 Billion IPO as Nscale Faces Valuation Pushback

Nscale’s preliminary filing has no share-price range, while first-half results showed $140.6 million in revenue and a $1.02 billion net loss.

Nvidia-Backed Firmus Grid Scraps Its IPO Entirely After Investors Balk

Firmus Grid, backed by Nvidia with Meta and OpenAI as customers, walked away from its Australian listing entirely and is now chasing a $2 billion to $3 billion private round from existing investors instead.

A U.S. view of Firmus

Everyone seems to have jumped on the carcass of the Firmus Initial Public Offering (IPO) to dissect what went wrong. Since it was a local company listing on the domestic market, it’s understandable Australian news outlets and financial commentators have shown so much interest.  But while local commentators and media outlets continue to report on what would have become Australia’s largest-ever float, U.S. commentators are also responding. The dif…