https://www.live-feeds.com/feed/nvidia-backed-firmus-scraps-5-billion-australian-ipo-on-poor-demandContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nvidia-backed-firmus-scraps-5-billion-australian-ipo-on-poor-demandhttps://www.live-feeds.com/feed/nvidia-backed-firmus-scraps-5-billion-australian-ipo-on-poor-demand#u125751Fri, 16 Oct 2026 11:30:40 +0000Australia-based data centre operator Firmus shelved its $5 billion initial public offering on Friday due to weak investor demand and volatile market conditions. The company stated that the proposed terms failed to accurately reflect the strength and long-term growth of its business. Firmus now plans to target private markets to raise capital, alongside evaluating alternative public and private financing options. The aborted listing marks the cancellation of what would have been Australia's second-largest initial public offering, highlighting intensifying investor caution regarding artific