JP Morgan

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.

Macquarie's Future Secure AI nears pre-IPO raise at $1.8b valuation

Future Secure AI's pre-listing round, led by Robin Khuda, Square Peg, Yarra Capital, Firetrail and Macquarie Asset Management, is nearing completion, with notes converting at a US$1.3 billion ceiling before an ASX float.

Canada's Element cuts a U-turn at $860m auction for FleetPartners

Element Fleet Management, the sole bidder yet to lodge a revised offer, has quit the race to buy Australian car-leasing firm FleetPartners.

Australia's Firmus raises $505M from Coatue and Nvidia at $5.5B valuation ahead of $2B IPO

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.

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Firmus appoints new CFO & chair after USD $330 million raise

Firmus Technologies names Kirsty Godfrey-Billy CFO and Grant Dempsey incoming chair after a recent US$330m equity raise, and advances its Tasmanian AI campus project with the state government.

Firmus Technologies grows leadership team by two

Firmus Technologies has brought in a new chief financial officer and incoming board chair after a $330m equity raise, as it prepares a renewable-powered Tasmanian AI campus with state government backing.

Also digitrendz.blog·Cut Through Venture·SmartCompany·Startup Daily

Klarna to raise USD1.3b in New York IPO

Swedish BNPL firm Klarna is preparing a renewed New York float, seeking as much as USD1.27 billion at a valuation a source puts at USD12.5-14 billion, after earlier delays.

Deals in brief: HongShan raises RMB 18 billion fund, Partior and Miridih secure funding, four China deals, and more

KrASIA roundup: HongShan closes an RMB 18 billion fund, Partior and Miridih raise Series B rounds, Packworks gets a government grant, four Chinese startups raise, and Nika.eco, Validus and Airs Medical win funding.