Australian NVIDIA-Backed AI Data Centre Operator Firmus Shelves IPO

Firmus IPO Debacle Raises the Bar for Asia AI Deals in Pipeline

The collapse of Firmus Grid Ltd.’s initial public offering is reverberating through Asia’s booming market for share sales, making investors far pickier about artificial intelligence infrastructure deals that hinge on future earnings.

Ex-Macquarie banker Oliver Curtis blasts Aussies over Firmus flop

Internewscast Internewscast Firmus co-founder Oliver Curtis has described the AI infrastructure company’s failure to… This Post: Ex-Macquarie banker Oliver Curtis blasts Aussies over Firmus flop first appeared on Internewscast

From $44b dream to Firmus flop: Oliver Curtis blasts 'dim' Australians

Firmus founder Oliver Curtis said the AI infrastructure firm's failure to attract investors with its $44billion mega-float last week was a 'great loss for Australia'.

Spectacular collapse of Australian AI firm’s public float

While there have been hasty reassurances that the Firmus debacle does not mean the AI bubble is bursting, there are signs pointing in that direction.

Funny money is coming for data centres. It should be setting off GFC-style alarm bells

The failed Firmus float signals investors are balking at the mammoth debt behind AI projects, while Amazon is getting "creative". GFC anyone?

$5 billion IPO dream crashes: Why Nvidia-backed Firmus hit the brakes

Nvidia-backed Firmus has shelved its $5 billion IPO amid investor concerns over its $30 billion debt, high valuation, and expansion risks, shifting focus to private fundraising and potential Nasdaq listing.