Firmus seeks A$44B valuation in Australia's largest IPO

Firmus: Firmus is an Australian company that designs, manufactures, and operates specialized AI data centers and factories across the Asia-Pacific region, including sites in Australia and Singapore that are already operational. It focuses on providing contracted compute capacity using Nvidia hardware platforms to support large-scale AI workloads for enterprise customers. The company is advancing plans for a major initial public offering on the Australian Securities Exchange, targeting a substantial equity valuation as one of the country's largest listings to date. IPO Scale: The planned offering would rank as one of Australia's largest IPOs on record. AI Infrastructure Focus: Firmus develops AI factories equipped for high-performance compute tasks and has expanded partnerships with major technology firms for dedicated capacity.