Australia’s Corporate Regulator Probes Firmus IPO Bankers, The Australian Reports

Corporate watchdog to probe failed $44b Firmus float

The corporate watchdog is making early inquiries into whether brokers overseeing the Firmus float misrepresented the listing or had conflicts of interest.

Australia probes failed Firmus IPO

Australia’s regulator is probing the failed US$5 billion Firmus IPO after the AI data centre operator’s share sale collapsed. Read more at straitstimes.com.

Failed $44b Firmus float probed by corporate watchdog

Australian Securities and Investments Commission (ASIC) chair Sarah Court said the regulator was “making targeted inquiries of the joint leader managers of the Firmus IPO” that would have valued the homegrown company at almost $44 billion, but that no adverse inference should be drawn as yet.

Bankers in failed Firmus IPO probed by ASIC

The corporate regulator is seeking information from investment banks on the failed Firmus initial public offering earlier this month, stopping short of opening a formal investigation into the matter.

Scrapped Firmus float casts doubt on billions in AI data centre builds

Billions of dollars in commitments to buy AI chips by Firmus are in doubt as a result of the Australian data centre company's stalled attempt to go public, according to records filed with the financial regulator.

ASIC examines conduct of bankers behind the Firmus float failure

The corporate regulator is looking into claims made by the company’s bankers during the marketing campaign for the failed IPO.