๐ข ๐๐๐๐ ๐๐: $NVIDIA(NVDA.US) NVIDIA-backed FirmusGrid IPO stalls; $5.5bn deal faces price-cut or cancellation risk
Demand for NVIDIA-backed Australian data-center operator FirmusGrid has collapsed, putting its planned $5.5bn IPO at risk of a price cut or cancellation. Insiders say investor appetite was insufficient at the AU$11-per-share offer; the company had earlier reported preliminary indications far exceeding the deal and a potential $30bn valuation. Bookbuilding closed Thursday but FirmusGrid has not disclosed a final price or deal structure, flagging renewed fragility in AI-related financing.
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