Data centre operator Firmus Grid Ltd. is seeking to raise at least $5 billion in an initial public offering, according to deal terms seen by Bloomberg. The proposed listing is described as one of the biggest IPOs in Australia.
Reporting also indicates the company is targeting a minimum amount equivalent to about US$5 billion, with one outlet noting a local-currency figure of roughly A$7 billion. While both sources describe the IPO size and Firmus Grid as the issuer, they do not provide additional details such as pricing, expected listing timing, or the use of proceeds.
