Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company
by Jonathan Barrett Business editor from World news | The Guardian on (#78Y6Q)
The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997
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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.
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