Data center operator Firmus is getting ready to go public on the Australian Securities Exchange (ASX), aiming to raise $5 billion. The IPO opens on October 6, with trading scheduled to kick off on October 22. If they exercise the overallotment option, the total raise could hit $5.5 billion.

IPO Details

The base IPO target is $5 billion, but Firmus could bump that up to $5.5 billion with an extra share issue. The timeline: book-building starts October 6, and Firmus shares debut on the ASX October 22.

AI Data Centers and Energy Efficiency

Firmus is pitching itself as a major player in building energy-efficient data centers for AI workloads in Australia. The company is all about supporting high-performance computing while cutting down on energy use.

Strategic Partnerships

To build out its AI data center ecosystem, Firmus is partnering with CDC, Megaport, and Nvidia.