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Firmus Technologies IPO Collapse Highlights Cooling Investor Appetite

Following the withdrawal of the Firmus Technologies IPO, market analysts note a cooling trend in investor appetite for large-scale AI and data centre floats.

October 23, 2026
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Firmus Technologies IPO Collapse Highlights Cooling Investor Appetite

The collapse of the Firmus Technologies IPO, which was initially valued at $30.6 billion, has sent shockwaves through the market. Investors have expressed concerns over high valuations for companies with short operating histories and significant debt, leading to a broader reassessment of upcoming tech listings on the ASX.

IPO
Technology
Market Analysis