Firming up on fictitious capital – Firmus and its capital raising
By Nick Glais The proposed public float of Australian data centre company Firmus in late October is symptomatic of the speculative capital being drawn to the expansion of data centres. The company hopes to raise $A7.7bn in the largest capital raising by an entrant to the Australian Stock Exchange (ASX), based on a market capitalisation of $A70bn. This will make …
