Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997Get our breaking news email, free app or daily news podcastFirmus Technologies has scrapped what was set to be Australia’s biggest company…
By · October 9, 2026 · 1 min read
This article was originally published by
The Guardian World
and is republished here under license.
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.
Leave a Reply