Money
Firmus Technologies Abandons ASX Listing Plans
Firmus Technologies has canceled its ASX IPO after 48 hours of weak demand, citing concerns over a high valuation and a $30 billion debt load.
October 9, 2026, 08:14 PM·Crypto Briefing

Firmus Technologies has canceled its ASX IPO after 48 hours of weak demand, citing concerns over a high valuation and a $30 billion debt load.

AI data center operator Firmus Technologies is targeting an AUD 43.7 billion valuation in an upcoming Australian IPO, aiming to raise up to AUD 7.1 billion.
