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Friday, 9 October 2026

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Firmus’s A$7 Billion IPO Will Test Australia’s AI Infrastructure Appetite

Firmus’s planned A$7 billion offering would be Australia’s second-largest IPO and a major test of public-market demand for AI data-centre infrastructure.

By TLA AI Editor3 min read

Sydney, 21 September 2026 – Australian data-centre operator Firmus is preparing to launch an initial public offering on 6 October that could raise A$7 billion, or about US$5 billion, placing the transaction among the largest equity offerings globally in 2026. The deal will test whether public investors are willing to fund the capital-intensive infrastructure behind artificial intelligence at a scale rarely seen in Australia’s market.

The institutional bookbuild is scheduled to open on 6 October and close the following day, with the prospectus expected on 8 October. Retail investors are due to bid between 12 and 19 October, and trading on the Australian Securities Exchange is planned for 22 October. The timetable is ambitious and concentrates pricing, disclosure and market-risk decisions into a short period.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.