👉 AI公司IPO怎么看，币安聊天室跟进
#Nvidia-backed Firmus withdraws $5 billion IPO
An AI company's IPO has fallen through.
Firmus was originally planning to list in Australia.
The reported fundraising target was $5 billion.
Nvidia was backing the company.
Now it's been withdrawn, with insufficient demand cited as the reason.
It's not a good sign.
Underwriters sounded out investors, but appetite for the offering fell short.
The primary market is becoming more selective.
The AI label is no longer a universal pass.
Investors want to know where the power will come from and who the customers are.
Margins and cash flow have moved to the top of the list.
The era of raising money on a good story is beginning to fade.
Why did demand weaken so quickly?
The previous few deals pushed valuations too high.
When the secondary market corrected, investors pulled back.
Institutions would rather wait than buy at inflated prices.
Existing shareholders don't want to be diluted further, either.
Pressure from lockup expirations and buybacks is mounting at the same time.
For the sector, this is a reality check.
The most inflated valuations will be the first to get cut.
Several more deals are in the pipeline, so they'll need a closer look.
For crypto, AI and crypto are drawing from the same pool of money. When one side cools, the other feels it too.
Do you think the AI IPO wave is about to stop? Share your thoughts in the comments.
#Nvidia-backed Firmus withdraws $5 billion IPO
An AI company's IPO has fallen through.
Firmus was originally planning to list in Australia.
The reported fundraising target was $5 billion.
Nvidia was backing the company.
Now it's been withdrawn, with insufficient demand cited as the reason.
It's not a good sign.
Underwriters sounded out investors, but appetite for the offering fell short.
The primary market is becoming more selective.
The AI label is no longer a universal pass.
Investors want to know where the power will come from and who the customers are.
Margins and cash flow have moved to the top of the list.
The era of raising money on a good story is beginning to fade.
Why did demand weaken so quickly?
The previous few deals pushed valuations too high.
When the secondary market corrected, investors pulled back.
Institutions would rather wait than buy at inflated prices.
Existing shareholders don't want to be diluted further, either.
Pressure from lockup expirations and buybacks is mounting at the same time.
For the sector, this is a reality check.
The most inflated valuations will be the first to get cut.
Several more deals are in the pipeline, so they'll need a closer look.
For crypto, AI and crypto are drawing from the same pool of money. When one side cools, the other feels it too.
Do you think the AI IPO wave is about to stop? Share your thoughts in the comments.