Market Chatter: Firmus Seeks A$43.7 Billion Valuation in Australian IPO

07:59 PM EDT, 10/01/2026 (MT Newswires) -- Data center operator Firmus Grid has set a price of A$11 per share for its initial public offering, seeking a valuation of A$43.7 billion ($30.3 billion), the Australian Financial Review reported Thursday, citing pricing sent to potential investors. Firmus's bankers told investors they have already received indicative bids to fill the US$5 billion (A$7 billion) raising at A$11 per share, and the deal may be upsized by another US$500 million, the report said. The AFR said Firmus will start taking institutional bids on Tuesday and seek to complete the deal by Friday next week, with a listing targeted for Oct. 23. Firmus did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)