Markets
A $30bn data-centre IPO unravels in 48 hours
Firmus's listing collapsed against roughly $51m of revenue.
Source published · In the Daily Brief of 11 October 2026
The planned listing of the data-centre operator Firmus, at a valuation of about 30 billion dollars, fell apart within 48 hours. The company has roughly 51 million dollars of revenue.
The collapse suggests public investors are becoming less willing to pay any price for AI infrastructure.