Firmus to allocate ~50% of IPO shares to existing holders

Australia's Firmus Grid plans to allocate about half of its IPO shares to existing shareholders as investor demand far exceeds the offer size. The listing could rank among Australia's largest IPOs.

• Firmus Grid to give ~50% of IPO shares to existing holders
• Investor demand far exceeds the offer size
• The IPO could be one of Australia's largest