✉news BusinessStartups first seen 22 h ago, last 22 h ago, peak #34
Firmus cuts IPO share price by nearly 20%
Original: Firmus looks cut share price by nearly 20% - an $8 billion haircut on its market cap - and may even pull the IPO
Australian firm Firmus has slashed its share price by nearly 20% ahead of its planned IPO, a cut worth around $8 billion off its expected market capitalisation, and is reportedly considering pulling the listing altogether. The move is a striking setback for a company that had been one of the more anticipated listings of the moment, and it has fuelled debate about whether market conditions can still support large tech and data-centre offerings.
Why now: Investors and startup watchers are reacting to a major last-minute repricing of a high-profile IPO that may now be shelved.
Evidence
- Firmus looks cut share price by nearly 20% - an $8 billion haircut on its market cap - and may even pull the IPO · Startup Daily
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