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The Guardian

October 8, 2026

Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut

By AI Tool Hub Analyst

"Sources say Firmus is slashing its price and may even shelve initial public offering altogether Get our breaking news email, free app or daily news podcast The momentum behind Firmus Technologies’ high-flying valuation is showing severe cracks just weeks out from its anticipated ASX debut. Multiple sources briefed on the matter told Guardian Australia the AI datacentre company is slashing its valuation to entice sceptical investors – or may even shelve its initial public offering altogether. "

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This analysis is based on reporting originally published by The Guardian.

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Datacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut | AI Tool Hub