Manuel Baigorri

Nvidia-backed data center company Firmus pulled the plug on what would’ve been one of Australia’s biggest-ever IPOs, sending alarm bells ringing around how it will impact other AI players.

In 48 hours, Firmus Grid Ltd. went from a rising star of the artificial intelligence data center boom to one of the biggest deal flops in recent memory.

Jio Platforms Ltd. has drawn more than $20 billion in bids for what could be India’s biggest-ever initial public offering, according to people familiar with the matter.

Jio Platforms Ltd has drawn more than US$20 billion in bids for what could be India's biggest-ever initial public offering, according to people familiar with the matter.

To sweeten its deal for investors, AirTrunk had considered offering a roughly 6% yield for its REIT, up from a previously envisaged 5.5%

Fairfax Financial Holdings Ltd.’s acquisition of a controlling stake in IDBI Bank Ltd. was the biggest foreign investment in India’s banking sector. It was also unusual in that no major investment banks were involved.

SoftBank Group Corp. is considering an acquisition of Allied Universal, the largest security services company in the US, people familiar with the matter said, as founder Masayoshi Son explores ways to deploy AI-powered robots across industries.

Bekaert SA is considering options for its business in China, including carving out its manufacturing facilities, according to people familiar with the situation.

Investors will become more selective in the near future when it comes to initial public offerings, as rising concern about the spending on the artificial intelligence expansion — particularly data center funding — ripples across the market, according to Citigroup Inc.’s co-head of global equity capital markets.

CIMB Group Holdings Bhd.’s planned sale of its business in the Philippines has drawn interest from local rivals including Bank of the Philippine Islands and Metropolitan Bank & Trust Co., according to people with knowledge of the matter.