Nvidia-Backed Fermus Wanted $30 Billion Valuation on Just $51 Million in Revenue
Firmus scrapped its IPO after seeking a $30 billion valuation despite generating just $51 million in fiscal 2026 revenue.
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Why It Matters
Fermus, a newer tech company, wanted investors to think it was worth $30 billion. But it only made $51 million, so it decided not to go public yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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