Firmus $43.1b ASX listing: Fund managers warn over AI data centre giant’s valuation ahead of October IPO
2 sources·Updated October 7, 2026
Covered by 2 sources
- The Conversation AU·3h agoCan data centre company Firmus live up to its blockbuster $43 billion listing value? Why some investors doubt it
Firmus Technologies, a developer of artificial intelligence (AI) data centres, plans to raise A$7 billion from investors on the Australian Securities Exchange on October 23. The float values the company at up to $43.7 billion. That makes it the second-largest initial public…
Read at The Conversation AU → - The West Business·23h agoFirmus $43.1b ASX listing: Fund managers warn over AI data centre giant’s valuation ahead of October IPO
Firmus is seeking a $43 billion valuation despite having never made a profit, prompting fund managers to question whether its ambitious AI growth forecasts can justify the price.
Read at The West Business →
