Firmus float in trouble as investors don’t buy the hype

AI Summary

Australian data centre operator Firmus faces uncertainty over a planned high-profile stock-market listing, with bankers working to attract investors skeptical of the offering. The report signals potential pressure on the IPO and investor appetite for data-centre businesses.

The Australian data centre operator’s blockbuster landing on the Australian sharemarket is on thin ice as its bankers pull out all stops to convince sceptical buyers.