World News
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 Get our breaking news email , free app or daily news podcast 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. A Firmus spokesperson said the board decided that proceeding with the offer was no longer in the best interests of the company and its shareholders. Continue reading...
KEY POINTS
- The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997 Get our breaking news email , free app or daily news podcast 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.
- A Firmus spokesperson said the board decided that proceeding with the offer was no longer in the best interests of the company and its shareholders.
This is a brief summary from World Right Now. For the full story, with complete reporting and context, read the original article from The Guardian at the link below.
Original reporting by The Guardian.
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