Coatue

Coatue is a lifecycle investment platform focused on turning big ideas in world-shaping technology companies.

Coatue is a lifecycle investment platform focused on turning big ideas into world-shaping technology companies.

Australian AI data center operator Firmus withdraws its planned IPO, citing market volatility and offering terms that its board says do not reflect the company’s strength and growth outlook. The proposed offering reportedly aimed to raise $5 billion at a valuation of about $30.6 billion. Firmus says it will pursue private-market capital and consider other public and private options; the company also has agreements to supply GPU computing capacity to Meta in Southeast Asia.

Oct 2026 · CNBC TechNews article

Lambda is raising up to $4 billion at a $14.5 billion pre-money valuation in a round led by Coatue Management and Blackstone, potentially its final private raise before a planned 2027 IPO. An investor letter shows its backlog at $50 billion in September, up from $15 billion in June, with much of the increase tied to Anthropic’s $35 billion commitment. Lambda also secures an additional $1 billion in debt as data center expansion costs mount and lenders become more selective.

Oct 2026 · TechCrunchNews article

AI-computing startup Lambda is raising $4 billion in a funding round described as its final one before a planned IPO. Blackstone and Coatue are leading the round, which values the cloud-computing company at $14.5 billion before the investment. The stated valuation is pre-money.

Oct 2026 · Wall Street JournalNews article

DayOne Data Centers, a SoftBank-backed data-center operator, plans to raise up to $5.0 billion in a U.S. initial public offering. The company is also backed by Coatue Management, Hillhouse and Citadel.

Oct 2026 · Wall Street JournalNews article