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💬Money Quote: Investor Balks at Valuation in Canceled AI IPO

The Wall Street JournalView source article

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Firmus Grid's $30 billion IPO collapses after failing to attract US investors

Firmus Grid Ltd., an Nvidia-backed AI data center company, saw its planned $30 billion IPO collapse within 48 hours after failing to attract sufficient US investor interest, marking one of the biggest deal flops in recent memory.

Oct 9, 2026·2 sourcesAI Data Center Gold RushAI startupsCompute, chips & AI infrastructure
Firmus Grid's $30 billion IPO collapses after failing to attract US investors
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Bloomberg

Firmus Grid’s $30 Billion IPO Collapses After Failing to Attract US Investors