An Nvidia-backed AI data centre firm pulled its float after 48 hours.
Firmus, an Australian builder of AI data centres, shelved its stock market listing on Friday. It sought a value near 30 billion US dollars, almost triple what private investors paid in August. Fund managers pulled their orders over its debt, and Firmus will now seek private money instead.
Why it mattersNvidia's backing was not enough to make public investors pay triple. If that mood spreads, money for new data centres gets harder to raise.
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