Report
Australian regulator seeks information from banks over failed US$5 billion Firmus IPO
Bloomberg reports ASIC is making targeted inquiries of the offering’s lead banks but has not opened a formal investigation.
TLDR
Bloomberg reports that Australia’s corporate regulator is seeking information from the banks that led Firmus’s failed IPO, without opening a formal investigation. Reuters, in The Straits Times, reports that the Nvidia-backed AI data centre operator’s share sale collapsed on October 9 after failing to gain enough investor backing. Firmus had planned to raise US$5 billion at a US$30.6 billion valuation.
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