Sources: Australian data center provider Firmus is seeking to raise up to $5B in an IPO at the end of October, in one of the largest-ever IPOs in Australia (Julia Fioretti/Bloomberg)
Firmus Technologies Pty is looking to raise as much as $5 billion in an initial public offering in Australia, according to people familiar with the matter.
Australian data center provider Firmus Technologies is seeking to raise up to $5 billion in an initial public offering. According to people familiar with the matter, the company aims to launch the IPO at the end of October, which would be one of the largest-ever IPOs in Australia.
The IPO would be the second-largest Australia-listed IPO on record, behind only Telstra Corp's $10 billion flotation in 1997, as per CNA - Business. Firmus began meeting investors in Asia and plans to visit Europe and the United States before holding meetings in Australia.
A Firmus spokesperson declined to comment on the plans. The size and timing of the offering could still change.
Brief written by urgent.news from Techmeme, CNA - Business, FXStreet — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Firmus seeks to raise up to $5 billion in Australian IPO, sources say channelnewsasia.com
