Firmus IPO collapses in 48 hours over $30B valuation vs $51M revenue

Nvidia-backed Firmus saw its IPO collapse within 48 hours after US fund managers deemed its $30B valuation too rich for a company with just $51M in FY 2026 revenue.

• Firmus IPO collapsed within 48 hours
• Company was valued at $30B
• FY 2026 revenue was just $51M
• Firmus is backed by Nvidia