# Firmus IPO collapses after investors reject $30B valuation

_Published Saturday, October 10, 2026 at 3:05 AM EDT · Capital, Products · Latest · Tier 2 — Notable_

Firmus' IPO collapsed in 48 hours after US fund managers judged its $30B valuation too high, Bloomberg reported, citing sources. The Nvidia-backed company recorded $51M in FY 2026 revenue, the financial comparison at the center of the investors' objection.

## Sources

- [Techmeme](https://www.techmeme.com/261010/p5#a261010p5)

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Canonical: https://techandbusiness.org/newswire/m469gUiOSgw9Wkk7C5gegM
Published: 2026-10-10T07:05:58.451Z
Story chronology: 2026-10-10T06:05:01.000Z
Retrieved: 2026-10-10T08:59:27.061Z
Publisher: Tech & Business (techandbusiness.org)