https://www.live-feeds.com/feed/firmus-ipo-debacle-raises-the-bar-for-asia-ai-deals-in-pipelineContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/firmus-ipo-debacle-raises-the-bar-for-asia-ai-deals-in-pipelinehttps://www.live-feeds.com/feed/firmus-ipo-debacle-raises-the-bar-for-asia-ai-deals-in-pipeline#u132650Sun, 18 Oct 2026 17:25:58 +0000Firmus Grid Ltd. has abandoned its planned initial public offering on the ASX, ending attempts to reach a market valuation exceeding $40 billion. Investors rejected the deal due to skepticism over a $30.6 billion equity valuation and the risks associated with the company's unbuilt capacity pipeline. The collapse has increased investor scrutiny for other artificial intelligence infrastructure deals in Asia, particularly those relying on future earnings. Firmus is now reportedly considering raising $3 billion in alternative funding following the failure of the public listing.Why it mattersF