Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
Firmus Technologies has cancelled its planned ASX listing, which was projected to be Australia's largest IPO since 1997. The company cited a lack of sufficient investor demand for its AI data center business and will instead seek private capital.
Why it matters
The cancellation signals cooling investor enthusiasm for capital-intensive AI infrastructure projects despite the broader AI boom.
Firmus has pulled its plans for the biggest ASX debut in two decades. Photograph: PR IMAGE Firmus has pulled its plans for the biggest ASX debut in two decades. Photograph: PR IMAGE Datacentres - Australia Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company The offer would have been the biggest debut on the stock market since the telecommunication giant in 1997
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