Firmus plans a $5B IPO with a $77M first-half loss forecast
Co-founders Oliver Curtis and Tim Rosenfield are taking an infrastructure builder to public markets as most of its planned data centers remain under development.
By RuntimeWire Staff · Published
Primary source: Reuters
Why it matters
Firmus is asking public investors to finance a capital-heavy AI infrastructure buildout while its draft prospectus forecasts a first-half loss and most planned sites remain under development. The IPO will test how much weight investors give contracted demand and long-range earnings estimates before the facilities are operating.
Firmus co-founders Oliver Curtis and Tim Rosenfield are preparing to take Firmus public with a proposed $5 billion IPO, even as a draft prospectus forecasts a $77 million after-tax loss for the first half of its 2027 financial year. Reuters reported the figures on September 24th, citing two people familiar with the draft, and said Firmus is scheduled to begin trading on the Australian Securities Exchange on…
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