UNCOVERED: Firmus | History Defined

IPO Watch: Want to invest in Initial Public Offering? Know this factor before buying shares

IPO tracker: Australia's Nvidia-backed AI data centre operator Firmus withdrew its planned stock market listing on the bourse in October, citing market volatility and prevailing market conditions.

The Economic Times · 2h ago

Global IPO market faces setback as high-profile listings are scrapped, delayed in 2026

Several high-profile IPOs have been withdrawn, delayed or shelved in 2026 as market volatility and valuation concerns weigh on investor demand. From Firmus and Oura to PhonePe and KNDS, companies are reassessing public listings and fundraising plans.

The Economic Times · 7h ago

Global Market: Maas Group shares plunge 11% after Nvidia-backed Firmus scraps $5 billion IPO

Maas Group shares plunged nearly 11% after Nvidia-backed Firmus withdrew its planned $5 billion IPO, raising valuation concerns. Despite the setback, contracts worth A$1.1 billion remain intact, providing revenue visibility amid uncertainty over Firmus's funding strategy and AI infrastructure valuations.

The Economic Times · 9h ago

AI factory firm's $7b IPO looks doubtful

The $7 billion ASX float of Bitcoin miner turned AI data centre operator Firmus is struggling to get off the ground amid concerns about its lofty valuation.

AAP · Oct 8

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

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

The Guardian - AU · Oct 8

Can data centre company Firmus live up to its blockbuster $43 billion listing value? Why some investors doubt it

Firmus Technologies, a developer of artificial intelligence (AI) data centres, plans to raise A$7 billion from investors on the Australian Securities Exchange on October 23.

The Conversation · Oct 7

Cyber firm labels AI without regulation as 'wild west'

Australia can't afford to just pull up the drawbridge against artificial intelligence threats, experts say, urging the government to force AI to be safer.

AAP · Oct 6

‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash

‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’

The Guardian - AU · Oct 2

Meta taps Australia's Firmus for AI computing capacity in Southeast Asia

Australia's Firmus said on Tuesday it had signed AI infrastructure agreements with Facebook parent Meta Platforms for graphics processing unit compute capacity at its data centre facilities in Southeast Asia.

The Economic Times · Sep 29

Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity

Australia's Firmus said on Tuesday it had signed ​a multi-year deal ​with OpenAI to supply computing capacity from ​two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models.

The Economic Times · Sep 8