Australian AI data center operator Firmus Technologies is courting investors ahead of a planned initial public offering on the Australian Securities Exchange, seeking to raise as much as A$7 billion (about US$5 billion), according to a report published September 16, 2026. The Nvidia-backed company, which operates facilities in Singapore and Tasmania, plans to expand to seven data centers across Australia, Singapore, Indonesia and Malaysia within 24 months. The listing, targeted for as early as late October, would rank among Australia’s largest IPOs on record.
