Firmus Drops IPO Share Price Amid Weak Demand

Firmus float in trouble as investors don’t buy the hype

The Australian data centre operator’s blockbuster landing on the Australian sharemarket is on thin ice as its bankers pull out all stops to convince sceptical buyers.

Bankers race to save Firmus IPO over price jitters

Bankers managing the initial public offering of Firmus are considering a potential cut in the listing price because of weak demand from foreign investors, according to media reports.

Firmus drops IPO share price amid weak demand

Neocloud not attracting as much interest as it had hoped

Firmus’ bankers consider the unthinkable – cutting the IPO offer price

While no decision had been finalised, fund managers were being told to prepare for a downward revision to the $11-a-share, $43.9 billion market valuation.

Firmus could slash share price by nearly 20% or pull IPO

ASX hopeful Firmus is likely to cut its initial public offer from $11 to $9 per share, reducing the amount raised from the float by around $1.3 billion, due to...

Firmus looks cut share price by nearly 20% - an $8 billion haircut on its market cap - and may even pull the IPO

Aborting the mega-float, just a fortnight from its ASX debut, is also on the table, with key investor Nvidia now central to its success.