Pension CIO: Firmus IPO flop shows investors 'doing their job'

The failed public listing of Firmus Grid Ltd. shows investors are becoming more discerning about opportunities emerging from the AI buildout, according to a top US pension chief. He said investors were simply "doing their job."

• Firmus Grid's failed listing reflects investor selectivity on AI projects
• Pension CIO called investor behavior "doing their job"
• Firmus had shelved its IPO amid data-center market volatility