‘Massive execution risk’ at Australian tech company’s tumultuous $44b public launch

Sky News Australia1 hour ago2:23

Artificial intelligence infrastructure company Firmus’ initial public offering is in doubt as it failed to hit a crucial target that would have cemented it as the second largest IPO in Australian history. Moomoo ANZ Chief Market Strategist Tapas Strickland said Firmus’ IPO ambitions were very lofty considering its lack of experience.

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‘Massive execution risk’ at Australian tech company’s tumultuous $44b public launch | PiQ Markets