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Firmus share float in trouble as investor interest fades
Original: Major share market float of Firmus in trouble as interest wanes By David Taylor The company is reportedly having to pric
The planned major share market listing of Firmus is struggling, according to ABC reporter David Taylor. The company has reportedly had to price its shares lower after abruptly closing its books to potential investors overnight, a sign that demand from institutional buyers has fallen short of expectations. Weakening appetite for new listings is being read as a warning signal for the IPO market more broadly.
Why now: A sharply weakening investor appetite for a high-profile float suggests broader cooling in the IPO market, making it newsworthy right now.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1435182