Market Chatter: Firmus Grid Set to Offer Half of IPO Shares to Existing Backers

MT newswire2026/10/05 10:21

06:21 AM EDT, 10/05/2026 (MT Newswires) -- Firmus Grid plans to allocate about half of its IPO shares to existing shareholders, including Nvidia (NVDA) and Blackstone (BX), Bloomberg reported Monday, citing people familiar with the matter. According to the report, Firmus aims to raise up to $5.5 billion, including a greenshoe option, in one of Australia's largest IPOs. The company priced the deal at 11 Australian dollars a share, implying a valuation of about AU$43.7 billion, while demand exceeded the offer size. Firmus plans to use the proceeds to buy graphics processing units for its first data center in Batam, Indonesia, being developed with DayOne under an eight-year partnership with Nvidia, Bloomberg added. The people told Bloomberg that details remain subject to change. Nvidia and Blackstone did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Japanese and South Korean stock markets open

格隆汇•2026/11/10 00:07

Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion

Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.

智通财经•2026/11/09 23:57

Updated Version 3 - As the release date of GTA VI approaches, Take-Two raises its annual revenue and profit forecasts

路透社•2026/11/09 23:41

Amid opposition to data centers, Musk doubles down: SpaceX (SPCX.US) plans to build a $24 billion computing center and gas power plant in Texas.

According to a public hearing notice published on the Starbase website, SpaceX plans to build, own, and operate a gas-fired power plant and a supercomputing facility at its company town in Starbase, Texas.

智通财经•2026/11/09 23:31