After Firmus shelved the biggest ASX listing in 30 years, what does it say to investors about AI hype?
It was pitched to investors as “the biggest initial public offering (IPO) in a generation”. Firmus Technologies – a developer of artificial intelligence (AI) data centres – planned to raise A$7 billion from investors on the Australian Securities Exchange. Recently, bankers working on the deal declared investor interest in the A$11-a-share offer was “well in … Read more