Tier 1 newswirereuters.com
Australia's Firmus prices shares to raise $5 billion, term sheet shows
Australian data centre operator Firmus is set to raise A$7.1 billion (approximately $4.94 billion) by pricing its shares at A$11.00 each, marking a significant entry into the market. This move is noteworthy as it underscores the potential of the tech infrastructure sector amidst a backdrop of global market volatility. Investors will be keenly observing how this IPO performs, as it could signal increasing investor confidence in tech-related equities in Australia.