Firmus courts investors ahead of expected ASX float

Firmus Technologies is courting investors ahead of a widely expected initial public offering on the Australian Securities Exchange, with reports suggesting it may raise up to $7 billion.

• The company has begun a roadshow with investors in Asia and Australia ahead of a potential IPO next month, and the prospectus has not yet been lodged with the ASX.
• Firmus also said last week it signed a multi-year deal with OpenAI for two new AI factory sites in Malaysia, while it says it wants seven AI data centers across four countries within 24 months.