https://www.live-feeds.com/feed/nvidia-backed-aussie-ai-firm-firmus-withdraws-historic-ipo-citing-market-volatilityContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-backed-aussie-ai-firm-firmus-withdraws-historic-ipo-citing-market-volatilityhttps://www.live-feeds.com/feed/nvidia-backed-aussie-ai-firm-firmus-withdraws-historic-ipo-citing-market-volatility#u115951Sun, 11 Oct 2026 11:16:55 +0000Nvidia-backed Australian artificial intelligence data center operator Firmus has scrapped its initial public offering, which was valued at Australian dollars 7.1 billion, or approximately $4.95 billion. The company cited market volatility, prevailing market conditions, and poor demand for the cancellation. Firmus stated that the proposed offering terms did not accurately reflect the strength of its business and its long-term growth outlook. Instead of pursuing the public listing, which would have been Australia's second-largest IPO, Firmus plans to raise capital from private markets and w