Firmus Eyes Record $50B ASX Float as Australia's AI Infrastructure Boom Hits Overdrive

Firmus, the Australian neocloud startup that rents out high-end AI processing chips, has begun its roadshow for what will be the largest IPO in ASX history — a raise valuing the company at roughly A$50 billion. Founded by Oliver Curtis, Nick Curtis, and Tim Rosenfield, the company secured a US$3 billion equity round and a US$10 billion debt package from Blackstone before hitting the public markets. The IPO alone is expected to cost around US$190 million in fees —...