Australia AI data center operator Firmus withdraws its IPO, originally planning to raise US$5 billion

With the support of Nvidia, Australia AI data center operator Firmus disclosed to CNBC via email that it had decided to terminate the originally planned large IPO project. This decision is based on current market fluctuations and industry environment considerations. The board of directors assessed that the proposed issue terms fail to accurately reflect the company's core competitiveness and sustainable development expectations, and continuing to promote the listing process will harm the interests of the company and shareholders. The company revealed that it will switch to a private financing model and simultaneously evaluate other capital market possibilities. Data shows that Firmus previously planned to raise US$5 billion through IPO, priced at A $11 per share. If successful, it will create the second largest IPO scale in Australia's history, with a corresponding valuation of US$30.6 billion. It is worth noting that the company has achieved a financing target of US$2 billion in August 2026. This round of financing includes institutions such as Nvidia, Coatue Management and Bla.