Nvidia-backed Firmus pulled its ASX IPO days after opening the book, citing market volatility. Forbes Australia put the raise at about $7 billion at a $44 billion value, and any private round will be read against that offer.
Perspective Coverage
4 publishers
- Builder
- Builder 15%
- Operator
- Operator 21%
- Investor
- Investor 64%
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+30
- Incentives40
- Confidence58
Nvidia-backed data centre operator Firmus has withdrawn its Australian stock market listing, citing market volatility, and will seek private capital instead. The offer was meant to raise up to US$5.5 billion for GPUs at an Indonesian site, the Straits Times reported, so that capacity now depends on a private round still in talks.
Perspective Coverage
13 publishers
- Builder
- Builder 10%
- Operator
- Operator 18%
- Investor
- Investor 72%
Reality
- Evidence80
- Adoption
- Not scored
- Hype gap+40
- Incentives65
- Confidence78
Jeff Bezos said Blue Origin will likely go public in several years, after its first outside raise of $10 billion at a reported $140 billion valuation. Outside investors get about 7% of a company with no listing date and a rocket not due to fly again until December.
Perspective Coverage
3 publishers
- Builder
- Builder 10%
- Operator
- Operator 18%
- Investor
- Investor 72%
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+30
- Incentives70
- Confidence55
buildOne report1 publisher Blackstone and Coatue reportedly lead Lambda's bid for up to $4B before its 2027 IPO
Lambda is seeking up to $4 billion at a $14.5 billion pre-money valuation in a round led by Blackstone and Coatue, the Wall Street Journal reports. For teams renting its Nvidia GPUs, the round says more about investor appetite than about how long Lambda can keep financing new capacity.
Perspective Coverage
5 publishers
- Builder
- Builder 12%
- Operator
- Operator 28%
- Investor
- Investor 60%
Reality
- Evidence50
- Adoption45
- Hype gap+15
- Incentives65
- Confidence55
DayOne's IPO prospectus shows 962MW in service, up from 675MW in June, with 1.3GW more due by December 2028. With more than 1.5GW already booked, according to Bloomberg, buyers in Johor, Batam or Tokyo will find less of that capacity unclaimed than the 2.3GW target suggests.
Perspective Coverage
3 publishers
- Builder
- Builder 7%
- Operator
- Operator 33%
- Investor
- Investor 60%
Reality
- Evidence66
- Adoption72
- Hype gap+5
- Incentives68
- Confidence68
Firmus targets an ASX valuation 3.3 times its August private mark
The Sydney builder of AI data centres opens a A$7 billion share sale on October 6 at a target value near A$50 billion, with 40 percent of its contracted megawatts sitting in one Indonesian contract signed with Nvidia.
Reality
- Evidence34
- Adoption42
- Hype gap+48
- Incentives80
- Confidence38
Harvey buys Guardrails AI to test agents left working on legal tasks for hours
The $550mn round at $15.6bn gets the attention, but Harvey's fourth acquihire of the year bought a team whose product is testing how agents behave across a long run nobody watched. That is the part a buyer can use.
Reality
- Evidence45
- Adoption66
- Hype gap+20
- Incentives78
- Confidence48