Key Takeaway
Sources say Firmus is slashing its price and may even shelve initial public offering altogetherGet our breaking news email, free app or daily news podcastThe 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…
Published October 8, 2026 · Category: News
Overview
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.
Details
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.
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Source
Originally published at www.theguardian.com.
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What is "Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut" about?+
Sources say Firmus is slashing its price and may even shelve initial public offering altogetherGet our breaking news email, free app or daily news podcastThe 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. Contin
Who reported this story?+
This story was reported by The Guardian World.