Coatue's cold feet sank Firmus IPO: pledged up to $1B, allocated under $100M
Svwang1 · x · 2026-10-13
- Coatue, an early Firmus backer, was expected to commit up to $1B to the AI infrastructure company's ASX listing but allocated less than $100M, proposing a reworked structure instead
- According to three people familiar with the talks, the retreat was a key factor in scuttling what was billed as the biggest float in three decades
Related event: Firmus Pulls IPO as Backer Coatue Retreats, Signaling AI Bubble Cracks(4 posts)→
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