Monday, 5 October, 2026
Insider Advantage: Australian Data Center Giant Firmus to Reserve Half of $5.5B IPO for Current Backers
By TechShots Studio
Australian AI cloud and data center operator Firmus plans to allocate roughly half of its up to $5.5 billion initial public offering to existing strategic and financial investors. Priced at A$11 per share with a valuation nearing A$43.7 billion, the heavy oversubscription allows key backers like Nvidia and Blackstone to secure larger stakes as the firm scales its global AI infrastructure.
Read full story at REUTERS