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AAP
AAP
Business
Jacob Shteyman

INSANE: Corporate watchdog to probe failed 44b firmus float - The Real Truth

Firmus initially targeted a stock valuation of about $44 billion with its market listing. (PR IMAGE PHOTO)

The dramatic collapse of Firmus's blockbuster sharemarket float is being investigated by the corporate watchdog after questions were raised about representations made to prospective investors and potential conflicts of interest.

ASIC was looking into whether the brokers managing the aborted initial public offering had over-egged the amount of investor demand for the neocloud operator, the regulator's chair Sarah Court has confirmed.

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