Mmastodon BusinessBusiness first seen 2 d ago, last 2 d ago, peak #2
Firmus pulls largest ASX float since Telstra amid investor doubt
Original: Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company https://www.theguardian.com/au
Datacentre company Firmus has withdrawn its initial public offering on the Australian Securities Exchange, a listing that would have been the biggest on the bourse since Telstra's float in the 1990s. The decision came amid investor scepticism about the datacentre business and its valuation, and it raises questions about appetite for AI-related infrastructure listings in Australia.
Why now: The shelving of the largest ASX listing in decades signals weak investor confidence in the datacentre sector, prompting debate about AI infrastructure valuations.
Evidence
- Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company https://www.theguardian.com/australia-news/2026/oct/09/firmus-pulls-asx-float-datacentre-investor-doubt-australia # Business # Datacenters # Australia · guardian_world@robot.villas · 5
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