【Whale Syndicate】Nvidia-backed Australian AI company Firmus has withdrawn its historic IPO plans, citing market volatility.
#SecuritizeSharesRiseOver10%AfterTokenizedStocksLaunch
The company said the proposed offering terms did not adequately reflect its business strength and long-term growth prospects, so it will seek private financing options. Firmus reportedly sought to raise $5 billion through the IPO, which would have valued the company at about $30.6 billion—nearly three times its August valuation$NVDAB 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
#SecuritizeSharesRiseOver10%AfterTokenizedStocksLaunch
The company said the proposed offering terms did not adequately reflect its business strength and long-term growth prospects, so it will seek private financing options. Firmus reportedly sought to raise $5 billion through the IPO, which would have valued the company at about $30.6 billion—nearly three times its August valuation$NVDAB 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑