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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

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