The Firmus flop tells us much about the ASX, AI and super's exposure - AFR

Markets Equity Markets Firmus Print article Oct 11, 2026 – 4.00pm The weekend offered time for reflection about one of the most remarkable weeks in Australian capital markets, in which anticipated triumph turned into abject failure. Friday’s confirmation that Firmus, the ambitious Nvidia-backed artificial intelligence infrastructure play, was pulling its $44 billion initial public offering after failing to raise the desired $US5.5 billion ($7.9 billion) has prompted some soul-searching about the broader consequences of this flop. Loading... Save Log in or Subscribe to save article Share Copy link Copied Email LinkedIn Twitter Facebook Copy link Copied Share via... Gift this article Subscribe to gift this article Gift articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Login License article Read More Firmus IPO Investing Hedge funds Opinion Fetching latest articles