Firmus, supported by NVIDIA, withdraws its 5 billion AUD IPO plan

The Australian artificial intelligence data center operator Firmus, supported by Nvidia, has withdrawn its planned large initial public offering (IPO). The company stated that the withdrawal was due to market volatility and considerations regarding the market environment.

Firmus originally planned to raise 5 billion Australian dollars through the IPO, with a share price set at 11 Australian dollars.