Jul 9, 2026 – 11.03amNasdaq-listed Nvidia has emerged as the biggest investor in Firmus Technologies’ $US2 billion ($2.9 billion) equity raising, which is set to nearly double the neocloud’s equity value to $15.5 billion ahead of its ASX listing.Street Talk can reveal the $US4.9 trillion chip developer has put up its hand for about $US500 million worth of Firmus’ preference shares which are designed to convert to ordinary equity at the IPO later this year.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Nvidia tips $US500m into Firmus’s $US2b raising; share split underway
Nvidia’s paw prints are all over Firmus’s latest $US2b equity raising even though the giant is not formally named in the investor documents, which show November 30 is the pivotal date for its IPO.
168 words~1 min read
