{"id":1042244,"date":"2026-10-10T08:55:31","date_gmt":"2026-10-10T03:25:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1042244"},"modified":"2026-10-10T09:07:48","modified_gmt":"2026-10-10T03:37:48","slug":"firmus-5-billion-float-failure-deals-blow-to-australias-shrinking-share-market","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/10\/firmus-5-billion-float-failure-deals-blow-to-australias-shrinking-share-market\/","title":{"rendered":"Firmus $5 billion float failure deals blow to Australia&#8217;s shrinking share market"},"content":{"rendered":"<p>The collapse of Nvidia-backed data centre operator Firmus&#8217; $5 billion IPO is a blow to Australia&#8217;s capital markets which are already facing a shrinking pool of listed entities, investors said. <\/p>\n<p>Australia&#8217;s benchmark share index is heavily skewed to the Big Four banks and huge mining companies, so some money managers had hoped a big tech listing would make the market more attractive by offering more choice to investors. <\/p>\n<p>Firmus pulled its listing plans on Friday, citing market volatility and conditions, and said it would pursue a private fundraising round instead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The collapse of Nvidia-backed data centre operator Firmus&#8217; $5 billion IPO is a blow to Australia&#8217;s capital markets which are already facing a shrinking pool of listed entities, investors said. Australia&#8217;s benchmark share index is heavily skewed to the Big Four banks and huge mining companies, so some money managers had hoped a big tech listing would make the market more attractive by offering more choice to investors. Firmus pulled its listing plans on Friday, citing market volatility and conditions, and said it would pursue a private fundraising round instead.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1042244","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1042244"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042244\/revisions"}],"predecessor-version":[{"id":1042268,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042244\/revisions\/1042268"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1042244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1042244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1042244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}