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Firmus plans to allocate ~50% of its IPO shares to existing holders, as investor demand far exceeds the offer size in one of Australia's largest IPOs

Firmus Grid Ltd. plans to allocate about half of the shares in its initial public offering to existing shareholders …

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Firmus plans to allocate ~50% of its IPO shares to existing holders, as investor demand far exceeds the offer size in one of Australia's largest IPOs

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Bloomberg — Firmus plans to allocate ~50% of its IPO shares to existing holders, as investor demand far exceeds the offer size in one of Australia's largest IPOs ↗

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Oct 5Oct 6

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Reuters: Reuters

Australian Financial Review: Australian Financial Review

Related stories

Bloomberg: 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

Bloomberg: Firmus is set to postpone its IPO and is weighing a private funding round instead, after some investors suggested its pricing strategy is aggressive

Reuters: Sources citing Firmus' IPO draft prospectus: the Australian data center operator expects to report a $77M loss after tax for H1 FY27 as it prepares to raise $5B

Bloomberg: Sources detail how Firmus' IPO collapsed in 48 hours after US fund managers deemed its $30B valuation too rich for a company with just $51M in FY 2026 revenue

Bloomberg: Oura IPO is roughly four times oversubscribed; Filing: Oura and the selling shareholders are offering 50M shares for $40 to $44 each to raise ~$2.2B

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