Firmus seeks up to about $5B Australian IPO for AI factories, Bloomberg reports

Reuters reported Bloomberg’s tip that Australian AI infrastructure company Firmus Technologies is seeking to raise up to about $5 billion in an Australian IPO expected at the end of October.

Even as SoftBank and chip names wobble on slowdown talk, a NVIDIA-backed Australian AI-factory builder is still shopping a multi-billion-dollar public listing — a same-day money-desk read that infra fundraising hasn’t frozen.

Reuters’ Anjali Singh, writing from Bengaluru on 14 Sep 2026, reported Bloomberg News’s tip that Firmus Technologies is seeking to raise up to $5 billion in an Australian initial public offering — a company’s first sale of shares to the public — expected at the end of October, citing people familiar with the matter. Bloomberg’s Julia Fioretti, writing the same morning, reported the same figures for Firmus Technologies Pty. An Australian IPO usually lists on the ASX, the Australian Securities Exchange, the country’s main stock market. Neither piece names a ticker. Talks are ongoing, both reports say, and the size and timing can change. Firmus declined a Reuters request to comment. That sourced tip is the filing event. This desk does not treat it as a priced deal, a launched offering, or a prospectus on file today.

Earlier on Monday, Reuters says, the Australian Financial Review first reported that Firmus was in discussions to raise up to A$7 billion through an IPO. Reuters’ same-dispatch conversion is about $5.00 billion, with an FX line of $1 = 1.4006 Australian dollars. File the A$7 billion / ~$5 billion talks as AFR via Reuters. This desk did not open the AFR page.

Last month, Reuters says, Firmus said it had raised $2 billion in equity — new shares sold to investors — to ramp up the rollout of AI factories in Australia and Asia Pacific. An AI factory, as Firmus uses the phrase in that Reuters write-up, is a large site built to train and run AI models, not a car plant. The same raise, Reuters says, brought Firmus’ post-money valuation to above $10.5 billion. Post-money valuation is the company’s reported worth after the new cash is counted in. File those as Reuters’ recap of last month’s company statement — not as a new raise today.

August’s funding round, Reuters says, included participation from Nvidia and tech investor Coatue Management, with backing from Blackstone funds and Jane Street. File the names as Reuters’ list. This desk is not saying those investors have committed to the IPO.

Nvidia’s investment, Reuters says, follows a separate deal between the two companies under which the U.S.-listed chip company will give emerging AI firms more cost-effective access to computing power. File that as Reuters’ description. This desk is not inventing contract terms, a dollar size, or a product name for that deal.

One-sentence context: Monday’s SoftBank Tokyo plunge, the SoftBank OpenAI loan tip, the Asia chip-session prints, Samsung and SK hynix’s KEPCO prepay refusal, and Ligent’s Hong Kong optics IPO are already filed as softbank-tokyo-plunge-ai-safety, softbank-openai-loan-11-87b, asia-chips-plunge-ai-slowdown, samsung-sk-reject-kepco-power-prepay, and ligent-hk-ipo-ai-optics. This filing is the Firmus IPO tip only.

REPORTED here: Reuters’ 14 Sep wrap by Anjali Singh of the Bloomberg tip, plus Bloomberg’s same-morning piece by Julia Fioretti. AFR’s Monday A$7 billion talks line is attributed via Reuters. NOT claimed: that the IPO is priced or launched, that a prospectus was filed today, a ticker, named banks, a locked size or date, or investment advice from this desk. Distinct from the already-filed softbank-tokyo-plunge-ai-safety, asia-chips-plunge-ai-slowdown, and ligent-hk-ipo-ai-optics.