✉news BusinessMarkets first seen 10 h ago, last 6 h ago, peak #11
Firmus $5 billion float failure hits Australia's shrinking stock market
Original: Firmus $5 billion float failure deals blow to Australia's shrinking share market
Data centre developer Firmus has failed to complete a planned $5 billion float in Australia, a setback for the country's listings market. The collapse of one of the year's largest expected IPOs is seen as a blow to the Australian Securities Exchange, which is already dealing with a shrinking pool of listed companies as firms delist or move offshore.
Why now: The failed $5 billion IPO underscores concerns about Australia's dwindling public markets and weak IPO appetite.
FirmusAustraliaAustralian Securities Exchange
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