Firmus float falters as AI-driven IPO boom envelops Wall Street
The AI factory builder was expected to list on the ASX in June. Then September. Now, early investors are resigned to the risk it is pushed back even further.
As OpenAI, SpaceX and Anthropic speed towards three of the biggest and fastest public floats in history this year, the most hyped AI company in the local market seems to be stalling on its own IPO.
Oliver Curtis’ AI factory business Firmus had appeared to be priming investors for a mid-year listing, before reportedly pushing the go-live date to September — but three sources close to the company told Capital Brief that nothing has been confirmed.
“There’s never been any firm deadlines given by the company or the bookrunners,” Wilson Asset Management (WAM) portfolio manager Shaun Weick told Capital Brief.
“Effectively, there have been pre-deals, investor education if you like. But outside of that, there hasn’t been any formal dates signed or anything like that. So I just think it’s misreporting by the media.”
