Australia’s Firmus to Allocate Half of up to $5.5 Billion IPO to Existing Investors, Sources Say

Firmus Technologies to reserve half of $5.5B IPO for existing backers, AFR reports (NVDA:NASDAQ)

Firmus Technologies’ $5.5B IPO is heavily oversubscribed and may allocate ~50% to existing backers.

Australia's Firmus to allocate half of up to $5.5 billion IPO ...

Who wins from Australia’s biggest IPO since Telstra in 1997

Firmus Grid plans to allocate about half of the shares in its IPO to existing shareholders, putting Nvidia and Blackstone in a position to increase their stakes

Data centre operator Firmus said to plan allocating half of IPO to existing investors

This positions Nvidia and Blackstone to increase their stakes Read more at The Business Times.

Firmus tells fundies interest ‘well in excess’ of $7.9b IPO target

While it has not been revealed which existing backers have put in for half of the IPO, Nvidia and Blackstone own 7.2 per cent and 6.7 per cent respectively.

Firmus Said to Plan Allocating Half of IPO to Existing Investors

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