# The fallout after data centre company Firmus axes its planned ASX float

An episode of [ABC News Top Stories](https://invisiblenetwork.ai/podcast/1668721389), 9 Oct 2026, 4:09.

Audio: https://mediacore-live-production.akamaized.net/audio/02/p9/Z/b8.mp3

Firmus is a data centre operator backed by chip-making giant Nvidia and it has axed its plan to list on the Australian share market. The float had been billed as one of the biggest debuts in the history of the market, and it was a $44 billion float. So what went wrong?

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