{
  "id": 12068158,
  "title": "Data centre operator Firmus said to plan allocating half of IPO to existing investors",
  "url": "https://urgent.news/2026/10/05/data-centre-operator-firmus-said-to-plan-allocating-half-of-ipo-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T03:38:51.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/data-centre-operator-firmus-said-plan-allocating-half-ipo-existing-investors"
  },
  "original_language": "en",
  "account": "Furus Grid, a data centre operator, has announced plans to allocate approximately half of its initial public offering (IPO) shares to its existing shareholders, according to sources familiar with the matter. This move could enable Nvidia and Blackstone, two prominent investors, to increase their stakes in the company. Firmus Grid has received indications of investor interest far exceeding the size of its offering, which is seeking to raise up to US$5.5 billion, including a greenshoe option. The bookbuilding process for the IPO, one of Australia's largest, was moved up from Friday to Thursday, October 8. The final details of the deal may still change, but the IPO is priced at A$11 per share, resulting in a valuation of around A$43.7 billion (US$30.3 billion), which is lower than earlier expectations.",
  "summary": "This positions Nvidia and Blackstone to increase their stakes",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Firmus Said to Plan Allocating Half of IPO to Existing Investors",
        "url": "https://urgent.news/2026/10/05/firmus-said-to-plan-allocating-half-of-ipo-to-existing-investors",
        "published": "2026-10-05T02:08:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}