Firmus pulls Australia's biggest ASX float after investors show weak demand for its AI datacentre business
Original titleFirmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
AISummary
Firmus Technologies withdrew its application to list on the ASX after investor demand for its AI datacentre business failed to materialise. The company had an anticipated $44bn valuation and planned to raise $7bn ahead of a 23 October listing, and will now seek private capital instead.
Source: The Guardian · AI · theguardian.comPublished · added here