Firmus Scraps Biggest ASX Float Since Telstra

The offer would have been the biggest debut on the stock market since the telecommunication giant in 1997 Firmus Technologies has scrapped what was set to be Australia’s biggest company listing in decades after investor demand for its much-hyped AI data centre 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.