Nvidia-backed AI compute firm Firmus pulls IPO at $30B+ valuation

Nvidia-backed Australian AI compute company Firmus withdrew its ASX IPO on October 9 ahead of trading, abandoning plans targeting a valuation above $30 billion and about $5 billion in funding, in what commentators call the first crack in the AI bubble.

2026-10-11 ~ 2026-10-12 · 3 related posts

• Firmus Grid pulls ASX listing at $30B valuation as Altman says now ill-advised to IPO — shashib · 2026-10-11
• Firmus scraps A$44B ASX IPO in what could be AI hype cycle's first bubble burst — gaganghotra_ · 2026-10-12

1 near-duplicate retellings: gaganghotra_