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

<p>Sources say Firmus is slashing its price and may even shelve initial public offering altogether</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>The momentum behind Firmus Technologies’ <a href="https://www.theguardian.com/australia-news/2026/oct/03/ai-datacentre-backlash-firmus-asx-float-tasmania-australia">high-flying valuation</a> is showing severe cracks just weeks out from its anticipated ASX debut.</p><p>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.</p> <a href="https://www.theguardian.com/australia-news/2026/oct/08/ai-datacentre-firmus-slash-valuation-before-asx-listing">Continue reading...</a>