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Firmus's failed $5 billion IPO and the blame placed on Australian investors
Reuters Breakingviews says Australian investors can be cautious, but Firmus and its banks failed to play to that market.
TLDR
Firmus CEO Oliver Curtis blamed his neocloud's failed $5 billion IPO on local buyers' dim view of risk-taking, according to Reuters Breakingviews. The commentary says Australian investors can be cautious, but argues the deal was overhyped, its valuation was punchy, and Firmus and its banks failed to play to the market Curtis blamed.
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