Firmus eyes $7bn IPO, set to be Australia's second-biggest ever, amid datacentre backlash
nordicinst · x · 2026-10-02
Australian AI datacentre firm Firmus Technologies is preparing a $7bn IPO, on track to be the second-largest in ASX history behind Telstra's $14bn sale in 1997 and a top-five global IPO this year. Its 104-megawatt, $2.1bn datacentre in Tasmania was fast-tracked without a public hearing, sparking community protests and investor warnings that its forecasts are "a little bit of a fairytale."
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