Data centre operator Firmus pulls blockbuster ASX float after lacklustre demand
AI data centre company Firmus has confirmed it has withdrawn its application to list on the ASX, scrapping what was set to be one of Australia's biggest share market floats.
The company cited recent market volatility and conditions, saying the offer would not appropriately reflect its long-term growth prospects.
Firmus says it will now pursue private market funding while considering other options.
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