Morgan Stanley says Firmus could be worth as much as $128b
Morgan Stanley research values AI chip rental firm Firmus at up to $128 billion ahead of its planned IPO next month; four banks will manage the float.
Company
Every investor coverage indicates participated in a round Bank of America raised.
Companies Bank of America acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Bank of America. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Morgan Stanley research values AI chip rental firm Firmus at up to $128 billion ahead of its planned IPO next month; four banks will manage the float.
Firmus, an Australian builder of AI data centres, has banked $505 million from Coatue and Nvidia at a $5.5 billion valuation, with a $10 billion debt facility already secured and a sharemarket float planned.
Also Startup Daily
Weekly roundup: European climate and food startup raises, an Australian biotech's funding, Rappi buying Fountain9, Motif FoodWorks shutting down, a new Certis CEO, and a letter pressing banks over livestock lending.
A year-end countdown of 2023's twenty largest agtech funding rounds, from biofuels and carbon marketplaces to farm robotics, with EcoCeres' $400 million raise at the top.
Also AgFunderNews
Volopay appoints Nirvikar Jain as Global Business Officer to drive its Australian expansion, and the piece recalls the company's US$29 million Series A backed by JAM Fund, Winklevoss Capital, Rapyd Ventures and others.