Firmus to Allocate Half of IPO to Existing Investors
Australian data centre operator Firmus plans to allocate half of its up to 5.5 billion dollar initial public offering to existing investors. Bookbuilding begins on Tuesday and the stock is set to trade on October 23.
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Australian data centre operator Firmus will allocate half of its up to $5.5B IPO to existing investors. The share sale stands as Australia's second-largest public offering on record. Demand signals outpace available shares as institutional bookbuilding advances.
