A blockbuster corporate float that was set to be the second-largest in Australian history is at risk of being pulled after institutional investors turned up their noses at its multi-billion-dollar initial public offering.
Firmus Technologies was seeking to raise $7 billion in an IPO that valued the data centre operator at a whopping $44 billion, which would have put it ahead of Coles, QBE and all but around 15 companies on the local bourse.
