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

<p>Datacentre company’s sensational entry to the ASX did not go as planned – but investors may have sidestepped a disaster</p><ul><li><p>Get our <a href="https://www.theguardian.com/email-newsletters?CMP=cvau_sfl">breaking news email</a>, <a href="https://app.adjust.com/w4u7jx3">free app</a> or <a href="https://www.theguardian.com/australia-news/series/full-story?CMP=cvau_sfl">daily news podcast</a></p></li></ul><p>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.</p><p>By Friday, Firmus Technologies had sensationally withdrawn its ASX listing plans after the promised demand for its much-hyped investor pitch went missing.</p> <a href="https://www.theguardian.com/australia-news/2026/oct/09/firmus-australian-stock-market-listing-bust-finance">Continue reading...</a>