[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-how-an-nvidia-backed-ai-compan50401a14b87-2d8c-7470-9743-b184719d8642":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":11,"source":12,"reactions":13,"selfReactions":14,"logo":15,"sourceId":16,"sourceUserId":17,"asset":18,"tagsCategories":19,"totalComments":20,"lang":21,"unique_views_count":22,"enrichStatus":23,"triageKind":24,"triageImportance":25,"expandEligible":26,"summarizeEligible":26,"eventEligible":27,"eventType":28,"eventAction":28},"how-an-nvidia-backed-ai-compan50401a14b87-2d8c-7470-9743-b184719d8642","1792262941000","How an Nvidia-Backed AI Company Lost Its $30 Billion IPO Before Trading Even Started","\u003Cp>How an Nvidia-Backed AI Company Lost Its $30 Billion IPO Before Trading Even Started\u003C/p>\u003Cp>Firmus abandoned its IPO before shares began trading. Its proposed valuation nearly tripled within two months. Investors questioned unbuilt infrastructure and future financing requirements.\u003C/p>\u003Cp>In August 2026, Australian AI infrastructure company Firmus was worth approximately $10.5 billion. Less than two months later, it was preparing for a stock market debut that would value the business at more than $30 billion. With Nvidia and Blackstone among its backers, Firmus appeared positioned to become one of Australia's largest public companies almost overnight. Instead, the IPO collapsed before a single share began trading.\u003C/p>\u003Cp>According to\u003C/p>","https://coinpaper.com/37468/how-an-nvidia-backed-ai-company-lost-its-30-billion-ipo-before-trading-even-started","https://imagecodex.com/v1/coinpaper/media/212e8343-781d-4df8-98fb-b86a82770ba9.jpeg","[\" Learn \"]","[]","504",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/coinpaper.png","CoinPaper",null,"","[\"Crypto\"]","0","EN","1","done","market_structure",2,true,false,"none"]