StocksMedium•1 October 2026•
1 min read
Australia's Firmus Prices IPO to Raise $5 Billion
Key Facts
1Australian data center operator Firmus priced its IPO shares at A$11.00 each.
2The company aims to raise A$7.1 billion, equivalent to approximately $4.94 billion.
Australian data center operator Firmus priced its IPO shares at A$11.00 each. Reuters reported that the company aims to raise approximately A$7.1 billion, equivalent to $4.94 billion, to capitalize on demand for data center infrastructure.
The mega-cap IPO represents a significant liquidity event for both the Australian market and the global data center sector. The pricing follows recent domestic economic activity, including the Reserve Bank of Australia's interest rate decision on September 29, 2026, which set the rate at 4.6%.