Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

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1. Thu, 8 October 2026

   1 report
   • The Guardian World00:57first to report
     Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

     Sources say Firmus is slashing its price and may even shelve initial public offering altogether Get our breaking news email , free app or daily news podcast The momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated ASX debut. Multiple sources briefed on the matter told Guardian Australia the AI datacentre company is slashing its valuation to entice sceptical investors – or may even shelve its initial public offering altogether....