AI · 9 Oct 2026 · 00:33 CEST
Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
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The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997…
Firmus Technologies has scrapped what was set to be Australia’s biggest company listing in decades after investor demand for its much-hyped AI datacentre business failed to materialise.
A Firmus spokesperson said the board decided that proceeding with the offer was no longer in the best interests of the company and its shareholders.
“Firmus will now pursue capital from the private markets and consider alternative public and private market options,” the spokesperson said on Friday morning.
Source
Guardian AI · 9 Oct 2026 · 00:33 CEST
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