Market Chatter: Nvidia-Backed Firmus Grid Seen Delaying IPO
MT newswire2026/10/08 18:1202:12 PM EDT, 10/08/2026 (MT Newswires) -- Nvidia-backed (NVDA) Firmus Grid is poised to delay its initial public offering amid slack investor demand, Bloomberg News reported Thursday, citing people familiar with the matter. The Australian data center company had been looking to raise as much as $5.5 billion including an overallotment option, indicating a $30.4 billion valuation, and may consider a private funding round instead, the report said. Firmus didn't immediately reply to a request for comment from MT Newswires. (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.) Price: 230.30, Change: -7.17, Percent Change: -3.02
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