Nvidia-backed AI giant’s $11 share price hits trouble as investor blasts founder’s greed

Bankers are debating whether to cancel the share market listing of Firmus Technologies.

The AI factory builder backed by NVIDIA is scaling back the terms of its ASX listing due to weaker-than-expected demand.

The float was valued at $11 a share but had to be priced below nine dollars a share.

Speaking to the Australian, a Firmus investor has accused co-founder Oliver Curtis of being greedy as he pushed for a higher valuation of the company.