Nvidia (NVDA.US)-backed AI data center company Firmus' IPO falls through! $30 billion valuation questioned as U.S. investor demand falls short.

Zhito Finance APP has learned that Firmus Grid, an Australian artificial intelligence (AI) data center operator backed by Nvidia (NVDA.US), had originally planned to go public at a valuation of about $30 billion, which was expected to become one of Australia's largest initial public offerings (IPOs). However, due to an excessively high valuation, insufficient investor subscription demand, and market concerns over the massive financing needs of AI infrastructure, this closely watched listing plan was ultimately canceled on Friday.