AI factory firm's $7b IPO looks doubtful
Covered by 7 sources
- Guardian Australia·5h agoFrom boom to bust in five days: how Firmus’s much-hyped Australian stock market listing imploded
Datacentre company’s sensational entry to the ASX did not go as planned – but investors may have sidestepped a disaster On Monday, it was going to be one of Australia’s biggest ever stock market listings, promising investors a stake in an AI-enhanced future of liquid-cooled…
Read at Guardian Australia → - The Conversation AU·7h agoAfter Firmus shelved the biggest ASX listing in 30 years, what does it say to investors about AI hype?
It was pitched to investors as “the biggest initial public offering (IPO) in a generation”. Firmus Technologies – a developer of artificial intelligence (AI) data centres – planned to raise A$7 billion from investors on the Australian Securities Exchange later this month. Just…
Read at The Conversation AU → - Smart Company AU·9h agoFirmus shelves $44 billion IPO plan, citing market volatility
The ASX hopeful will now look at “other options” for its $51 billion build of five AI data centres over the next two years.
Read at Smart Company AU → - NZ Herald Business·10h agoAustralia’s Firmus Technologies pulls the pin on its ASX listing
It had been billed as the biggest capital raising event since Telstra in 1997.
Read at NZ Herald Business → - ABC Australia Top·13h agoLive: Big super fund questioned valuation ahead of Firmus float scrap
The float of AI company Firmus has been pulled after investors baulked at the price set for shares. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read at ABC Australia Top → - The West Lifestyle·1d agoBiggest ASX launch in 30 years canned, Firmus scraps float
Billionaire Oliver Curtis’ AI data centre company Firmus has scrapped plans to launch the biggest Aussie sharemarket float in 30 years.
Read at The West Lifestyle → - The West Business·1d agoAI factory firm's $7b IPO looks doubtful
The $7 billion ASX float of Bitcoin miner turned AI data centre operator Firmus is struggling to get off the ground amid concerns about its lofty valuation.
Read at The West Business →
