https://www.live-feeds.com/feed/scrapped-ipo-of-nvidia-backed-company-points-to-limits-of-ai-boomContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/scrapped-ipo-of-nvidia-backed-company-points-to-limits-of-ai-boomhttps://www.live-feeds.com/feed/scrapped-ipo-of-nvidia-backed-company-points-to-limits-of-ai-boom#u119509Tue, 13 Oct 2026 08:55:39 +0000Nvidia-backed Australian cloud-computing and data center operator Firmus has withdrawn its planned initial public offering, which had been valued at $5 billion. The massive stock market listing imploded within days due to weak demand and prevailing market conditions. Following the failed public float, Firmus is reportedly considering alternative funding strategies, including a private round or exploring raising $3 billion.Why it mattersThe failed offering deals a severe blow to Australia's shrinking share market, where the listing was hailed as one of the largest in decades. Firmus had in