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Firmus Grid is exploring a private funding round of up to $3bn after abandoning plans for an IPO, Bloomberg reported on 9 October, citing people familiar with the matter.
Why it mattersThe report describes a potential raise, not a completed deal. For a data-centre company, it marks a possible shift from public-market fundraising to private capital.
Discuss: Would a private raise be a better route for infrastructure companies than facing public investors?
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