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Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns Grow - Bloomberg.com

Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns Grow - Bloomberg.com

Firmus Grid Ltd. abandoned its attempt at one of Australia’s biggest-ever initial public offerings, after the Nvidia Corp.-backed data center company failed to lure global investors who’ve grown increasingly skittish over frothy AI valuations.

Firmus Grid Ltd. abandoned its attempt at one of Australias biggest-ever initial public offerings, after the Nvidia Corp.-backed data center company failed to lure global investors whove grown increa… [+459 chars]

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