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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett and Josh Taylor

Firmus pulls biggest ASX float since Telstra amid investor doubt about datacentre company

Firmus ASX Telstra
Tim Rosenfield (left) and Oliver Curtis (right)
Tim Rosenfield (left) and Oliver Curtis (right), who together with Curtis’s former brother-in-law Jonathan Levee are the trio behind Firmus, which shelved its IPO plans on Friday. Photograph: Firmus Technologies

Firmus Technologies has scrapped what was set to be Australia’s biggest company listing in decades after investor demand for its much-hyped AI datacentre business failed to materialise.

A Firmus spokesperson said the board decided that proceeding with the offer was no longer in the best interests of the company and its shareholders.

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