In TrendsStock MarketGST Council Meeting LiveStocks To WatchNifty OutlookGold and Silver PricesAsian StocksNvidia-backed Firmus said to close books as mega IPO strugglesNvidia-backed Australian data center firm Firmus Grid has closed the books on its struggling IPO after failing to attract adequate support for its aggressive pricing strategy, as investors grew cautious over potential share flooding.By Bloomberg October 8, 2026, 9:24:22 AM IST (Published)Australian data center company Firmus Grid Ltd. closed the books on its struggling initial public offering (IPO) as investors grew increasingly concerned that the deal could be pulled, according to people familiar with the information.The bookbuilding closed as scheduled Thursday (October 8) morning in Australia, without clear indication of the price or the deal structure, said the people, who asked not to be identified because the deal is private.A representative for Firmus didn’t immediately comment.The Nvidia Corp.-backed firm was looking to raise $5.5 billion, including a greenshoe option, in one of Australia’s largest-ever IPOs. The bookbuilding process closed amid reports the company had not attracted adequate support for the A$11 share price marketed to potential investors. That pricing implied a valuation of A$43.7 billion ($30.4 billion).The close of the bookbuilding process was moved up to Thursday from Friday…
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