Blackstone (BX) Faces Firmus Buyback Risk As $1.5 Billion AirTrunk IPO Slips

Blackstone (NYSE:BX) is linked to a potential forced share buyback dispute at Firmus Technologies involving confidential arrangements with Nvidia and Blackstone. Firmus Technologies may face obligations to repurchase equity from investors, which could create financial exposure for Blackstone depending on contract terms. Blackstone backed data center operator AirTrunk has reportedly postponed a planned US$1.5b IPO, citing current market conditions. The Firmus Technologies buyback risk and the...