Firmus Technologies withdraws ASX IPO as investors question AI infrastructure risk

The Australian data centre operator has abandoned a multibillion-dollar ASX listing. The decision comes as Apac firms continue to accelerate the AI buildout.

Firmus Technologies (Firmus) has withdrawn its application to list on the Australian Securities Exchange (ASX), highlighting growing investor scrutiny of the valuations, funding requirements and execution risks attached to artificial intelligence (AI) infrastructure.

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