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

<p>The $11-a-share offer would have been the biggest debut on the stock market since the telecommunication giant in 1997</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>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.</p><p>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.</p> <a href="https://www.theguardian.com/australia-news/2026/oct/09/firmus-pulls-asx-float-datacentre-investor-doubt-australia">Continue reading...</a>