Firmus Withdraws IPO, Hitting Australian Capital Markets
NVDA NVIDIA Corp
$230.48 -2.94%
View chart & analysis → - 1Firmus has withdrawn its plans for an initial public offering due to market volatility.
- 2Firmus's $5 billion IPO was the fourth largest global public offering so far this year.
- 3Australia's $1.37 billion in new share issuances during the first nine months of 2026 remains low compared to competing global exchanges.
So what's the key point?
Firmus canceled its plan to enter the stock market because market conditions are unstable. The Australian capital market took a hit as this plan, which was the fourth largest in the world this year, fell through.
Source Reuters · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.