Australian Data Centre Company Firmus Plans $5 Billion IPO in October
Australian data centre operator Firmus is preparing to launch a major stock market offering on October 6, 2026. According to a term sheet reviewed by Reuters, the company aims to raise A$7 billion, equivalent to approximately US$5 billion.
If completed at the planned size, the offering would be Australia’s second-largest initial public offering. The company has not yet completed the listing, and its final fundraising amount remains subject to investor demand.
When will Firmus shares start trading?
According to Reuters, the institutional share sale is scheduled for October 6–7. The prospectus is expected on October 8, followed by a retail investor subscription period from October 12 to 19.
Trading on the Australian Securities Exchange is planned to begin on October 22. An additional share allocation option could increase the total fundraising amount to approximately US$5.5 billion.
What does Firmus do?
Founded in 2019, Firmus operates data centres and develops computing infrastructure used by businesses, including companies working with artificial intelligence.
The company currently has two operating data centres in Australia and Singapore, with five more projects under development across the Asia-Pacific region. Demand for computing capacity has attracted substantial investment into this industry.
Why is the planned listing attracting attention?
The offering would provide a major test of investor interest in data centre companies at a time when building and operating AI infrastructure requires large amounts of capital.
Firmus has also faced local opposition to planned projects over concerns about electricity and water consumption. Those issues remain relevant to the company’s expansion, regardless of how much money the share sale ultimately raises.
Firmus declined to comment on the reported IPO timetable. The dates and fundraising target therefore remain plans described in the investor term sheet, rather than a completed transaction.
