https://www.live-feeds.com/feed/nvidia-backed-firmus-ipo-collapses-as-ai-valuation-concerns-growContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-backed-firmus-ipo-collapses-as-ai-valuation-concerns-growhttps://www.live-feeds.com/feed/nvidia-backed-firmus-ipo-collapses-as-ai-valuation-concerns-grow#u128847Sat, 17 Oct 2026 18:27:29 +0000Firmus Grid Ltd., an AI data center operator backed by Nvidia, has cancelled its $5 billion initial public offering on the Australian Securities Exchange. The company withdrew the listing on Friday following weak investor demand and skepticism regarding AI valuations, debt, and expansion plans. Firmus reportedly attempted to ease concerns with a 25% valuation cut, but the move failed to attract global investors. The company is now considering a private funding round to secure capital as market volatility continues to affect the AI infrastructure sector.Why it mattersThis failure marks one of t