Firmus $43.1b ASX listing: Fund managers warn over AI data centre giant’s valuation ahead of October IPO
Covered by 6 sources
- ABC Just In AU·1d agoMajor share market float of Firmus in trouble as interest wanes
The company is reportedly having to price its shares lower as it closed its books to potential investors abruptly overnight.
Read at ABC Just In AU → - NZ Herald Business·1d agoFirmus IPO faces uncertainty as offer price cut and float may be pulled – Stock Takes
Firmus’ reported offer price has fallen from A$11 to A$8.25 a share.
Read at NZ Herald Business → - Guardian Australia·1d agoDatacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut
Sources say Firmus is slashing its price and may even shelve initial public offering altogether Get our breaking news email, free app or daily news podcast The momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated…
Read at Guardian Australia → - Smart Company AU·1d agoFirmus could slash share price by nearly 20% or pull IPO
ASX hopeful Firmus is likely to cut its initial public offer from $11 to $9 per share, reducing the amount raised from the float by around $1.3 billion, due to
Read at Smart Company AU → - The Conversation AU·1d 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·2d 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 →
