https://www.live-feeds.com/feed/nvidia-backed-firmus-is-set-to-postpone-ipo-weigh-private-roundContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-backed-firmus-is-set-to-postpone-ipo-weigh-private-roundhttps://www.live-feeds.com/feed/nvidia-backed-firmus-is-set-to-postpone-ipo-weigh-private-round#u120136Tue, 13 Oct 2026 14:22:52 +0000Nvidia-backed data center operator Firmus has scrapped its planned $5 billion Australian initial public offering due to weak demand and cratering market interest. Founded by Oliver Curtis and Tim Rosenfield, Firmus attempted to list on the Australian Securities Exchange with a market value exceeding $40 billion. Despite drawing international investor attention, capital commitments failed to materialize when required. The high-profile shelving of the listing has cast a wider shadow over pending data center market offerings and serves as a warning on artificial intelligence funding.Why it matter