AI data-center builder Firmus withdrew its planned ASX listing after weak investor demand, citing market volatility and saying the offer would not reflect its long-term prospects; it will pursue private funding instead. Its founders had targeted a $44 billion valuation at $11 a share. Investors pushed back on the price, AI-bubble concerns, the company's debt and a lack of detail, ABC News reports. Nvidia owns 7.2% of Firmus, which lists two operating sites and five under development.