Read the original: The Guardian · AI· Jonathan Barrett· Published · added · 2d ago51/100AI score51/100
Firmus may cut its valuation or shelve its ASX IPO amid investor doubts
Original titleDatacentre company Firmus’s high flying valuation may be coming back down to earth ahead of expected ASX debut
AISummary
Datacentre company Firmus Technologies is reportedly slashing its near-$44bn valuation to attract sceptical investors ahead of an ASX listing planned for 23 October, or may withdraw the IPO altogether.
Its valuation rose from $1.85bn to $15bn in about eight weeks and then to almost $44bn days before the report, while the company has only two small operational sites.
About 97% of its contracted revenue sits on facilities that are not yet built, according to Minotaur Capital co-founder Armina Rosenberg.
Source: The Guardian · AI · theguardian.comPublished · added here