Firmus will reportedly open its $5bn ASX float on 6 October

Firmus will open institutional bookbuilding for its ASX listing on 6 October and begin trading on 22 October, Reuters reports, citing a term sheet. The A$7bn (~$5bn) offering could rise to $5.5bn if an option is exercised. The company is valued at $10.5bn and has more than 900 MW of contracted AI data center capacity.

• Bookbuilding 6-7 October, prospectus 8 October, trading from 22 October
• A$7bn (~$5bn) offering, up to $5.5bn with option
• Valuation $10.5bn versus $5.5bn in April
• More than 900 MW contracted, two of seven sites operating