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Firmus Grid Ltd. considers $3 billion private funding after IPO plans are halted
Oct 9, 2026
AI Summary
Firmus Grid Ltd. is reportedly seeking to raise up to $3 billion in a private funding round after canceling its initial public offering plans. The company, backed by Nvidia Corp., is in discussions with current investors to secure this funding.
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- Firmus Grid Ltd. is exploring a private funding round of $2 billion to $3 billion.
- The company previously planned one of Australia's largest initial public offerings but has since shelved those plans.
- Nvidia Corp. is a backer of Firmus, which is currently in talks with existing investors regarding the funding.
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