Firmus Technologies plans to allocate about half of its $5.5 billion initial public offering to a handful of existing backers, according to a book update sent Monday morning and reported by the Australian Financial Review. The Nvidia-backed AI infrastructure startup told fund managers in the note that indications of interest in the offering were well in excess of the offer size. The $5.5 billion figure is the total size of the IPO, with roughly half of that amount set aside for the existing backers.
NVIDIA CorporationFirmus plans a $5.5B IPO with about half reserved for existing backers and strong oversubscribed interest.
