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Marta Khomyn, Senior Lecturer, Finance and Data Analytics, Adelaide University

Can data centre company Firmus live up to its blockbuster $43 billion listing value? Why some investors doubt it

Firmus Technologies, a developer of artificial intelligence (AI) data centres, plans to raise A$7 billion from investors on the Australian Securities Exchange on October 23.

The float values the company at up to $43.7 billion. That makes it the second-largest initial public offering (IPO) in Australian history, after Telstra in 1997.

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