Australia's Firmus to launch $5 billion IPO on October 6, term sheet shows


The Australian Securities Exchange (ASX) logo is displayed above their headquarters in Sydney, Australia, September 11, 2026. REUTERS/Hollie Adams

SYDNEY, ⁠Sept 21 (Reuters) - Australian ⁠data center operator ‌Firmus will launch its initial public offering ​to raise A$7 ⁠billion ($4.99 billion) ⁠to institutional investors on ⁠October ‌6, according to ⁠a term sheet reviewed ​by ‌Reuters.

The company's shares will ⁠start ​trading on the Australian Securities ⁠Exchange on October ​22, the term sheet said.

Firmus did ⁠not immediately respond to a request for comment.

($1 = 1.4029 ​Australian ⁠dollars)

(Reporting by Christine Chen ​and ‌Scott Murdoch in ​Sydney; Editing by Jacqueline Wong)

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