https://www.live-feeds.com/feed/data-center-darling-s-30-billion-ipo-dream-crushed-in-48-hoursContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/data-center-darling-s-30-billion-ipo-dream-crushed-in-48-hourshttps://www.live-feeds.com/feed/data-center-darling-s-30-billion-ipo-dream-crushed-in-48-hours#u120819Wed, 14 Oct 2026 04:07:29 +0000Australian data centre operator Firmus, backed by Nvidia, has withdrawn its initial public offering (IPO) citing market volatility. The company had sought a $30 billion valuation despite generating only $51 million in revenue. The IPO was expected to be one of the largest in three decades.Why it mattersThe collapse of Firmus's IPO highlights the challenges faced by AI and data centre companies in accessing capital markets. Market volatility and investor skepticism have increased, particularly for firms without a proven track record. This development has implications for the funding needs