Firmus Technologies Seeks Up to $5 Billion in Australian IPO as AI Infrastructure Demand Surges

Firmus Technologies Pty is seeking to raise as much as $5 billion in an Australian initial public offering, a deal that would test public-market appetite for AI infrastructure after a rapid expansion in compute contracts and private funding. The data center provider is targeting a listing at the end of October, though the size and timing could still change, and the company declined to comment, according to Bloomberg reporting carried by The Economic Times.