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  2. Story1 reports · 1 facts

    Firmus cancels IPO plans due to market volatility

    On October 9, 2026, Nvidia-backed data center company Firmus withdrew its listing plan, which had originally been expected to value the company at over $30 billion, citing recent market volatility and current market conditions. According to BBC Technology, institutions such as Australian pension fund UniSuper abandoned participation in the IPO due to valuation concerns, and Firmus said it will turn to private market financing. The company operates liquid-cooled data centers in Australia, Singapore, and other locations, with clients including OpenAI and Meta. There are currently no subsequent developments.

    n expected to value the company at over $30 billion, citing recent market volatility and current market conditions. According to BBC Technology, institutions such as Australian pension fund UniSuper abandoned participation in the IPO due to valuation concerns, and Firmus said it will turn to private market financing. The company operates liquid-cooled data centers in Australia, Singapore, and other locations, with clients including OpenAI and Meta. There are currently no subsequent developments.

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