![Firmus After the Float: US$2B Backers, 7.2% Nvidia [2026]](https://i3.wp.com/tech-insider.org/au/wp-content/uploads/sites/9/2026/10/firmus-float-collapse-nvidia-stake-investors-2026.webp?ssl=1 "Firmus After the Float: US$2B Backers, 7.2% Nvidia [2026]")
By Jack Thompson
Publication Date: 2026-10-26 01:58:00
Firmus Technologies pulled its planned listing on the Australian Securities Exchange (ASX) on Friday, October 9, 2026. The company said it could not secure enough institutional demand at the price it wanted. That call ended one of the most ambitious tech floats Australia had seen, a plan that would have valued the AI data-centre operator at up to $44 billion.
Seventeen days later, a new angle is trending: reports of investors tipping $118 million into an AI chipmaker after the Firmus float collapse. This analysis separates what is confirmed from what is not. It builds on our earlier coverage of the Firmus ASX IPO plan and tracks what the pulled float means for the AI compute supply chain.
