Firmus slashes valuation, may shelve ASX IPO as AI datacentre demand cools

AI datacentre firm Firmus Technologies is reportedly cutting its valuation to attract investors ahead of its ASX debut, with sources indicating the IPO may be shelved entirely. The move signals weakening investor appetite for AI infrastructure plays, a reversal from the sector's recent high-flying momentum. Uncertainty remains over whether the deal proceeds at a lower price or is pulled.