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Breaking: Data centre operator pulls share market float due to lacking investor demand

Breaking: Data centre operator pulls share market float due to lacking investor demand
ABC Australia Thursday 08 October 2026, 22:12 UTC By Nassim Khadem and Lin Lin 1 min read
Key Points

AI data centre company Firmus has confirmed it has withdrawn its application to list on the ASX, scrapping what was set to be one of Australia's biggest share market floats. The company cited recent market volatility and conditions, saying the offer would not appropriately reflect its long-term growth prospects. Firmus says it will now pursue private market funding while considering other options.

AI data centre company Firmus has confirmed it has withdrawn its application to list on the ASX, scrapping what was set to be one of Australia's biggest share market floats. The company cited recent market volatility and conditions, saying the offer would not appropriately reflect its long-term growth prospects. Firmus says it will now pursue private market funding while considering other options. Loading
AI (ORG) Firmus (ORG) ASX (ORG) Australia (LOCATION)
Originally published by ABC Australia Read original →

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