Data‑centre operator Firmus Grid is targeting an IPO that would raise A$5.0bn at A$11 per share and value the company at A$43.7bn (~US$30.3bn), the Australian Financial Review reports. Underwriters say they have received indications sufficient to cover A$5.0bn at A$11 and the deal may be upsized by a further A$500m. The ASX listing is set for Oct. 23; the institutional bookbuild opens Tuesday and closes Friday. The float would be among Australia’s largest IPOs, comparable to Medibank’s 2014 rais

Data‑centre operator Firmus Grid is targeting an IPO that would raise A$5.0bn at A$11 per share and value the company at A$43.7bn (~US$30.3bn), the Australian Financial Review reports. Underwriters say they have received indications sufficient to cover A$5.0bn at A$11 and the deal may be upsized by a further A$500m. The ASX listing is set for Oct. 23; the institutional bookbuild opens Tuesday and closes Friday. The float would be among Australia’s largest IPOs, comparable to Medibank’s 2014 raise, and comes as YTD primary-market fundraising in Australia is roughly A$1bn versus >A$2bn in each of the past two years.