Nvidia-Backed Firmus Scraps Australia’s Second-Largest IPO Plan After Poor Demand and Volatile Market: 'Not in the Best Interests…'
Nvidia-backed Firmus reportedly shelved its $5 billion Australian IPO after poor demand and volatility, and will raise funds privately.
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Why It Matters
Firmus, a company Nvidia supports, decided not to go public in Australia. Instead, it will raise money privately because few people wanted to buy shares.
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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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