From boom to bust in five days: how Firmus’s much-hyped Australian stock market listing imploded

Datacentre company’s sensational entry to the ASX did not go as planned – but investors may have sidestepped a disaster On Monday, it was going to be one of Australia’s biggest ever stock market listings, promising investors a stake in an AI-enhanced future of liquid-cooled datacentres packed with Nvidia microchips.

By Friday, Firmus Technologies had sensationally withdrawn its ASX listing plans after the promised demand for its much-hyped investor pitch went missing.

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