Firmus IPO Divides Investors Over Valuation
Australian data centre operator Firmus is preparing a five billion dollar initial public offering as a surging valuation divides prospective investors. Market participants cite unproven growth projections and high debt levels as key concerns.
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Australian data centre operator Firmus priced a $5 billion initial public offering in Sydney late Thursday, valuing the company at $30.6 billion. The offering marks Australia's second-largest IPO on record. The valuation nearly triples the $10.5 billion figure recorded during an August fundraising round.
