TechnologyFirmus reportedly expects a $77 million first-half loss before $5 billion IPO
Reuters says the Australian data center operator’s draft prospectus attributes its losses to the cost of building capacity and landing large customers.
TLDR
Australian data center operator Firmus expects a $77 million after-tax loss for the first half of fiscal 2027 as it prepares a $5 billion IPO, Reuters reports, citing people familiar with a draft prospectus. The company, backed by investors including Blackstone, operates two data centers and is developing five more across Asia-Pacific. The draft reportedly describes Firmus as historically loss-making and says IPO proceeds would fund additional capital spending. Firmus declined to comment; the prospectus is due October 8 and trading is expected to begin October 22.
Firmus reportedly expects a $77 million first-half loss before $5 billion IPO
Reuters says the Australian data center operator’s draft prospectus attributes its losses to the cost of building capacity and landing large customers.
TLDR
Australian data center operator Firmus expects a $77 million after-tax loss for the first half of fiscal 2027 as it prepares a $5 billion IPO, Reuters reports, citing people familiar with a draft prospectus. The company, backed by investors including Blackstone, operates two data centers and is developing five more across Asia-Pacific. The draft reportedly describes Firmus as historically loss-making and says IPO proceeds would fund additional capital spending. Firmus declined to comment; the prospectus is due October 8 and trading is expected to begin October 22.
