Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
The Guardian
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Firmus Technologies has canceled its planned $44bn ASX public listing due to weak investor interest, despite backing from Nvidia and major Wall Street firms. The company will now seek private funding to develop its AI datacentres in Australia and Asia.
- Firmus IPO Debacle Raises the Bar for Asia AI Deals in Pipeline· Bloomberg
- Nvidia-Backed Firmus IPO Collapses as AI Valuation Concerns Grow· Bloomberg
- Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut· The Guardian
- Nvidia-Backed Firmus Said to Close Books as IPO Struggles· 3 sources
- Firmus Eyes $30 Billion Valuation in Australian IPO, AFR Reports· Bloomberg
