TechnologyFirmus reportedly targets roughly $5 billion IPO amid projected $77 million half-year loss
Finimize reports that the Blackstone-backed data center operator is aiming for an October 22 debut on the Australian Securities Exchange to help fund its expansion.
TLDR
Finimize reports that Firmus’ draft prospectus projects a $77 million pro forma loss after tax for the half-year ending June 30, 2027, with no forecasts beyond that period. The operator has two operating sites in Australia and Singapore and five Asia-Pacific projects under development. Finimize frames the roughly $5 billion IPO as a test of investors’ appetite for AI infrastructure: a lower valuation could make the expansion more expensive to fund.
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Firmus reportedly targets roughly $5 billion IPO amid projected $77 million half-year loss
Finimize reports that the Blackstone-backed data center operator is aiming for an October 22 debut on the Australian Securities Exchange to help fund its expansion.
TLDR
Finimize reports that Firmus’ draft prospectus projects a $77 million pro forma loss after tax for the half-year ending June 30, 2027, with no forecasts beyond that period. The operator has two operating sites in Australia and Singapore and five Asia-Pacific projects under development. Finimize frames the roughly $5 billion IPO as a test of investors’ appetite for AI infrastructure: a lower valuation could make the expansion more expensive to fund.