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Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding

Bloomberg Technology Thursday 08 October 2026, 10:20 UTC By Julia Fioretti, Sangmi Cha and Manuel Baigorri 1 min read
Key Points

Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding The sudden plunge in demand for an Nvidia-backed data center company’s initial public offering is revealing fresh cracks in the AI funding boom. The planned $5.5 billion listing by Australia’s Firmus Grid Ltd. has become shrouded in uncertainty after the deal failed to attract adequate support for the A$11 marketed share price, according to people familiar with the matter.

Nvidia-Backed IPO’s Cratering Demand Sends Warning on AI Funding The sudden plunge in demand for an Nvidia-backed data center company’s initial public offering is revealing fresh cracks in the AI funding boom. The planned $5.5 billion listing by Australia’s Firmus Grid Ltd. has become shrouded in uncertainty after the deal failed to attract adequate support for the A$11 marketed share price, according to people familiar with the matter.
Nvidia (ORG) IPO (ORG) AI Funding Nvidia-Backed (ORG) AI (ORG) Australia (LOCATION) Firmus Grid Ltd. (ORG)
Originally published by Bloomberg Technology Read original →

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