FIRMUS SEEKS $30B VALUATION IN AUSTRALIAN IPO

The IPO pricing, reported by the Australian Financial Review on Thursday, positions Firmus as a major player in the region's data center market. The company operates critical infrastructure supporting cloud computing, artificial intelligence, and digital services across Australia. The $30 billion valuation reflects strong investor appetite for data center assets amid growing demand for computing capacity and cloud services. Australia's data center sector has attracted significant capital as businesses expand digital infrastructure and prepare for AI workload deployment. Fireus Grid's listing comes as infrastructure investment remains robust in the Asia-Pacific region. The company's timing capitalizes on continued tech spending and the transition toward hybrid and multi-cloud environments. Details on the IPO's final pricing and listing date are expected to be announced following completion of the investor roadshow this month.