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Sources: Australian data center provider Firmus is seeking to raise up to $5B in an IPO at the end of October, in one of the largest-ever IPOs in Australia

Bloomberg, citing unnamed sources, reports that Australian data center company Firmus is preparing a sharemarket float targeted for late October that could rank among the country's largest ever.

Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April

Firmus, a Sydney company building AI data centres, has raised $2 billion from backers including Coatue and Nvidia, lifting its post-money valuation to $10.5 billion from $5.5 billion in April.

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