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Macro Finance

Nvidia-Backed Firmus Eyes $30 Billion Valuation in Australia IPO

Bloomberg Markets·October 1, 2026·1 min read

Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, according to deal terms seen by Bloomberg. The Nvidia-backed company aims to capitalize on growing demand for AI infrastructure. The IPO would be one of Australia's largest listings this year.

Read at Bloomberg Markets
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