Industry
3d agoFirmus Scraps Massive AI Datacentre IPO
An $11-a-share offer failed as Firmus Technologies cancelled its planned listing on the ASX. The move would have been Australia's largest debut since 1997. Investor demand for the AI datacentre business evaporated, forcing the board to pull the plug.
The Signal
This collapse highlights a cooling appetite for speculative AI infrastructure plays among public market investors.