Sources: the IPO of Nvidia-backed data center provider Firmus is uncertain after failing to attract adequate support, underscoring concerns over AI funding (Bloomberg)

Key sources

1. SOURCE@markdistef · Oct 8, 5:20 AM · “Firmus now looking for bids at $8” · x.com
2. SOURCE@jg_nuke · Oct 9, 8:25 AM · “In FY2026 Firmus lost $68 million on $51 million in revenue” · x.com
3. SUPPORT@business · Oct 9, 6:40 AM · “ominous sign for other proposed listings, coming after a string of disappointing debuts for artificial intelligence infrastructure firms” · x.com
4. SUPPORT@cnbc · Oct 9, 8:07 AM · “Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatility” · x.com
5. SUPPORT@rhouseresearch · Oct 9, 9:00 PM · “demand at $30B+ USD.. when they just raised at $10.5B USD two months ago” · x.com
6. SUPPORT@matthew_sigel · Oct 9, 10:38 PM · “Bankers reportedly stood to collect A$215M in fees and explored a 50% price cut before abandoning the deal” · x.com
7. SUPPORT@milkroadai · Oct 9, 11:39 PM · “Firmus had only 46 MW of operational capacity out of more than 900 MW contracted” · x.com
8. SUPPORT@hedgiemarkets · Oct 9, 11:49 PM · “Firmus pulled its $5 billion IPO on Friday, citing market volatility and bad offering terms” · x.com