Business · Companies · 1 hr ago
Firmus Weighs Private Funding and US Listing After Sydney IPO Collapses
Firmus is an Australian data center operator that was planning to go public in Sydney.
Its highly anticipated IPO collapsed, leaving the company to consider other ways to raise money.
Firmus is now considering private funding and a potential US listing.
The setback has prompted questions about investors’ appetite for AI infrastructure assets.
It has also raised questions about the valuations attached to those assets.
Tamim Asset Management’s Ron Shamgar said Firmus got too greedy, but no decision on its next funding route was announced.
Firmus is considering private funding and a potential US listing after its planned Sydney IPO collapsed.
The setback has raised questions about investor appetite for AI infrastructure assets.
It has also prompted questions about the valuations attached to those assets.
Tamim Asset Management’s Head of Australian Equities Ron Shamgar discussed what went wrong.
Shamgar said Firmus got too greedy.
- Who
- Australian data center operator Firmus.
- What
- It is considering private funding and a potential US listing after its Sydney IPO collapsed.
- When
- Not stated.
- Where
- The planned IPO was in Sydney; the potential listing would be in the US.
- Why
- The IPO collapsed, prompting Firmus to consider other funding options. The reason for the collapse is not stated.
This story does not have two clearly opposing sides.
- Company
- Firmus
- IPO location
- Sydney
- Potential listing location
- United States
- Commentator
- Ron Shamgar, Tamim Asset Management’s Head of Australian Equities
What people are saying
Firmus got too greedy
Sources
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