Key Takeaways
- Firmus raised $7.1B from Simon Thomsen.
- Sector: Technology, Software & Gaming, Digital Infrastructure.
- Geography: Australia, Singapore, Indonesia, Malaysia.
Analysis
- Firmus, an Australian AI data centre builder, has set an $11 share price for its proposed $7.1 billion ASX float.
- The offer implies an equity valuation of US$30.6 billion (A$44bn), a significant increase from its $1bn valuation 12 months prior.
- The IPO is scheduled for ASX trading on October 23rd, with institutional bidding from October 6-9.
- This listing would be Australia's second-largest IPO, following Telstra's 1997 privatization.
- Firmus has recently secured a deal with Meta (Facebook's parent company) for computing capacity at its Southeast Asian facilities, which will support Meta's AI research and model training.