NVDA•Nvidia- and Blackstone-backed Firmus is scrambling to keep its IPO on track after cutting its share price from A$11 to as low as A$8, the Australian Financial Review reportedly said. At A$8.25, the offer would raise A$5.9 billion and value the company at A$33 billion.
Firmus Technologies is scrambling to keep its IPO on track after reducing its share price from A$11 to as low as A$8 and seeking to hold it at A$8.25, the Australian Financial Review reportedly said.
At A$8.25, assuming the number of shares sold remains unchanged, the offer would raise A$5.9 billion ($4.1 billion), down from A$7.9 billion. Firmus’s equity value would be A$33 billion, down from almost A$44 billion. Its shares are expected to start trading on October 23.
