@oliver.cucanic: Australia was on the verge of one of its biggest tech IPOs in decades. Firmus, an Australian AI infrastructure company backed by NVIDIA, was reportedly targeting a valuation of around $44 billion. Then the IPO plans were pulled. So what happened? Was the valuation getting ahead of reality, or is this a sign of something bigger happening in the AI investment boom 👀 I think we just lost a great opportunity for the Aussie markets. What do you think? #Firmus #NVIDIA #AFR #AustralianBusiness #AI

Dr. Oliver Cucanic, PhD
Dr. Oliver Cucanic, PhD
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Region: AU
Friday 09 October 2026 03:24:51 GMT
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birdynumnum1000
MyCatsAccount :
you seriously underestimate the complexity of "digging shit out of the ground" at the scale and efficiency we do.
2026-10-09 06:54:33
10
tim_gardner_
timgardner.com.au :
not a lot of appetite on the ASX for 100 to 1 P.E ratios bro
2026-10-09 06:35:24
5
adz8711
adz :
Just fucking data centres
2026-10-09 05:59:17
7
blueyaus89
Bluey :
Lol. IPOing at the tail-end of a bubble.
2026-10-09 06:41:31
8
aaronmassey17
Aaron Massey856 :
what you talking about lost oppurtunity? investors used there brain and voted with their dollar. many ppl are betting against the AI data centre boom.
2026-10-09 04:10:57
3
solorox
Roxy :
Being a tech company in Aus makes no sense really. Our taxes and regulation aren’t competitive. Even more so with changes to CGT for founders.
2026-10-09 07:35:58
2
alb99997
rb :
They found out ai isn’t actually profitable I’m guessing
2026-10-09 07:07:14
1
mnghly
diti :
I swear when I looked at this shit just a while ago it was $15b
2026-10-09 08:29:34
1
username123454321230
username123454321230 :
What was its valuation 3 weeks ago?
2026-10-09 04:06:55
2
shunshine838689
shunshine838689 :
wouldn't you just buy next DC or Goodman if you want data centre stocks that bad. funny that they been falling for a while
2026-10-09 09:59:53
1
donniebarkco
donniebarkco :
They dont build or develop anything, they are a glorified landlord/rental company 😂
2026-10-09 06:53:53
1
bento_box_
Bento_Box_ :
Stupidly overpriced. Only 2 data centres operating. Poor valuations doesn't do shit for the ASX, even in this red hot market they smelled the shit in the Firmus basement. This was good for the Aus market.
2026-10-09 06:05:54
2
louisamoy
Louisa M :
I don’t want some overpriced bubble company on the ASX. It’s a pyramid scheme that makes no economic sense so when it eventually runs out of money due to the obscene costs of running AI it’s all of us who lose. So glad it’s not on the ASX. Hugely speculative with an outlandish valuation
2026-10-11 00:51:52
1
melbman
Guyguy :
It was such a scam. In 2 years it would have been a massive rugpull and left with outdated technology
2026-10-09 06:16:57
1
_dmac
_dmac :
No one should touch this company with Curtis being anywhere near it. Proven he is not trustworthy, at all.
2026-10-09 09:03:12
1
birdynumnum1000
MyCatsAccount :
what an absolutely abysmal take.
2026-10-09 06:55:32
1
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