Firmus pulls its ASX listing as investors balk at AI infrastructure valuation
Photo: Crypto Briefing
The Australian data center company withdrew a planned IPO that would have valued it at roughly A$43 to A$44 billion after investor interest fell short Firmus Technologies wanted to go public on the Australian Securities Exchange. Investors looked at the price tag and declined. The Australia-based AI infrastructure company withdrew its ASX listing application around October 9, 2026, after demand failed to show up at its proposed valuation. The proposed offering aimed to raise between $5.5 billion and $8 billion AUD. Shares were set at A$11 each.
Source: Crypto Briefing
