Australian News

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

The Guardian Australia - Australia News · 8 October 2026 at 11:57 am

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

Sources say Firmus is slashing its price and may even shelve initial public offering altogether Get our breaking news email , free app or daily news podcast The momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated ASX debut.

Multiple sources briefed on the matter told Guardian Australia the AI datacentre company is slashing its valuation to entice sceptical investors – or may even shelve its initial public offering altogether.

Read the full article on The Guardian Australia - Australia News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Australia - Australia News.

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

More from The Guardian Australia - Australia News

Men accused of shooting Australian surfer brothers and US friend dead in Mexico to learn fate as trial concludes

Morning Mail: the rise and fall of Sam Wood; a 16-year grave quest; and a 10bn-year-old burst of energy

Alan Jones on Trial: The youngest complainant's testimony | Week 9 – video

Astronomers detect mysterious burst of energy from a galaxy far, far away

More in Australian News

Child abuse material charges laid after tip-off from US

Converted cottage ranked among world's best bars

Questions for Australia ahead of Durban Test

US freezes Microsoft, Adobe visas over alleged fraud

Two more teens charged with murder after 21yo man dies at Logan house party

Christa Pike walking after botched execution