Jonathan Levee

‘Confidence evaporated’: Explaining Firmus’ $44 billion IPO flop

Firmus withdrew its ASX listing after weak investor demand. The explainer covers the data centre developer's history, its Nvidia and Blackstone backing, prior raises, and why the float collapsed.

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‘Confidence evaporated’: Firmus $44 billion IPO collapse explained

Firmus, the Nvidia-backed data centre developer, pulled its planned ASX listing after weak investor demand and will instead seek private capital. Explaining its background, backers, valuation history and why the float failed.

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AI hotshot Firmus tees up IPO meetings after OpenAI win in Malaysia

Street Talk column reports AI cloud firm Firmus Technologies will soon market a planned ASX float to investors, with a debut tipped imminently, after a Malaysian win involving OpenAI.

AI data centre startup Firmus just raised another $2.85 billion at a whopping $15B valuation

Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.

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AI data centre startup Firmus Technologies banks another $100 million

Firmus Technologies received a $100 million strategic investment from Maas Group Holdings, taking total funds raised past $900 million in under five months.

AI data centre startup Firmus Technologies banks another $100 million

Firmus, an AI data centre builder, has received a further $100 million from Maas Group, lifting its five-month total past $900 million; Maas also sold its construction-materials arm for $1.7 billion.

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Cheque-in: 5 Australian startups banked $340.2 million this week

Funding roundup covering five raises totalling $340.2 million: Firmus's Nvidia-backed round, plus H3D, Puralink, Escape This and Isaacus, across AI infrastructure, health tech, robotics, entertainment and legal AI.

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Roxy Jacenko's husband now has a unicorn data centre startup after Nvidia backs its $330 million raise

Australian-founded data centre firm Firmus, based in Singapore, has raised $330 million with Nvidia backing and Ellerston Capital leading, reaching a $1.85 billion valuation and unicorn status ahead of a planned 2026 ASX listing.

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