@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
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
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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
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adz :
Just fucking data centres
2026-10-09 05:59:17
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Bluey :
Lol. IPOing at the tail-end of a bubble.
2026-10-09 06:41:31
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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
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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
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rb :
They found out ai isn’t actually profitable I’m guessing
2026-10-09 07:07:14
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diti :
I swear when I looked at this shit just a while ago it was $15b
2026-10-09 08:29:34
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username123454321230 :
What was its valuation 3 weeks ago?
2026-10-09 04:06:55
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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
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donniebarkco :
They dont build or develop anything, they are a glorified landlord/rental company 😂
2026-10-09 06:53:53
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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
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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
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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
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_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
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MyCatsAccount :
what an absolutely abysmal take.
2026-10-09 06:55:32
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