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...

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.