IPO Newsroom(@IPONewsroom_):BLACKSTONE-BACKED AI DATA CENTER FIRMUS PLANS $5 BILLION IPO Australian data center operator Firmus is preparing to raise ~$5B in what would be Australia’s second-largest IPO ever, behind Telstra’s 1997 listing. Firmus, whose customers include Nvidia, Meta and OpenAI, is expected to post a ~$77M loss for the first half of its financial year, according to its draft prospectus. The company could reportedly be valued at up to $60B and is separately seeking ~$10B in financing to buy Nvidia chips for an Indonesian data center. Books are expected to open Oct. 6, with ASX trading targeted for Oct. 22.

2026.09.24 10:04

BLACKSTONE-BACKED AI DATA CENTER FIRMUS PLANS $5 BILLION IPO Australian data center operator Firmus is preparing to raise ~$5B in what would be Australia’s second-largest IPO ever, behind Telstra’s 1997 listing. Firmus, whose customers include Nvidia, Meta and OpenAI, is expected to post a ~$77M loss for the first half of its financial year, according to its draft prospectus. The company could reportedly be valued at up to $60B and is separately seeking ~$10B in financing to buy Nvidia chips for an Indonesian data center. Books are expected to open Oct. 6, with ASX trading targeted for Oct. 22.