Firmus Technologies prepares for $7bn ASX IPO, positioning it as Australia's second-largest public offering on record.
PRIVATEOct 02, 2026
Amount Raised
A$7 Billion
Round Type
Post-IPO Equity
St LeonardsInformation TechnologyArtificial Intelligence
Description
Firmus Technologies, an Australian AI and datacentre company, is preparing to list on the ASX later this month through an anticipated initial public offering designed to raise $7bn from investors. The IPO is on track to be the second-largest on record behind Telstra's $14bn share sale in 1997, and one of the top five globally this year. The company is building massive datacentre facilities across Tasmania, including a 104-megawatt facility at St Leonards valued at $2.1bn. The listing comes amid community backlash over consultation practices and environmental concerns from local residents.
Company Information
Company
Firmus
Location
St Leonards, Tasmania, Australia
About
Firmus Technologies creates the most efficient AI infrastructure: AI Factories designed to operate at the max-q of AI token generation and profitability. With advanced liquid-everywhere data center technology at its core, Firmus innovates across all layers of the AI Factory, from energy grid management and thermal innovations to GPU and networking telemetry and control. This holistic approach creates AI Factories that operate at peak efficiency, delivering high uptime, throughput, and profitability with future-proofed designs.
Fundz sees it the moment Firmus raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
St LeonardsInformation TechnologyArtificial Intelligence