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Nvidia-Backed Firmus IPO Collapses

Source: Bloomberg

IPOs & SPACsArtificial IntelligenceInvestor Sentiment & Positioning

Firmus abandoned its attempt at one of Australia’s biggest-ever IPOs after failing to attract global investors. Bloomberg’s Manuel Baigorri said the decision comes amid global concern over frothy AI valuations.

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Market Sentiment

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mildly negative

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-0.35

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