The Guardian World · Oct 9, 2026

Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company

The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997 Firmus Technologies has scrapped what was set to be Australia’s biggest company listing in decades after investor demand for its much-hyped AI datacentre business failed to materialise.