From boom to bust in five days: how Firmus’s much-hyped Australian stock market listing imploded

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Published 9 Oct 2026, 06:31 BST1 min read

File photograph: The Australian flag above Parliament House in Canberra. Marcus Reubenstein / Unsplash. Illustrative context, not a photograph of this reported event.

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Datacentre company’s sensational entry to the ASX did not go as planned – but investors may have sidestepped a disaster On Monday, it was going to be one of Australia’s biggest ever stock market listings, promising investors a stake in an AI-enhanced future of liquid-cooled datacentres packed with Nvidia microchips. By Friday, Firmus Technologies had sensationally withdrawn its ASX listing plans after the promised demand for its much-hyped investor pitch went missing.

Read the original report at The Guardian.

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The Guardian

Source headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-09. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.