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Business & Finance

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

The Guardian World Thursday 08 October 2026, 00:57 UTC By Jonathan Barrett 1 min read
Key Points

Sources say Firmus is slashing its price and may even shelve initial public offering altogetherThe momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated ASX debut. Multiple sources briefed on the matter told Guardian Australia the AI datacentre company is slashing its valuation to entice sceptical investors – or may even shelve its initial public offering altogether.

Sources say Firmus is slashing its price and may even shelve initial public offering altogether

The momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated ASX debut.

Multiple sources briefed on the matter told Guardian Australia the AI datacentre company is slashing its valuation to entice sceptical investors – or may even shelve its initial public offering altogether.

Jonathan Barrett is Guardian Australia’s business editor.

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Originally published by The Guardian World Read original →

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