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ASIC Probes Firmus IPO Lead Managers’ Conduct

By Drooid · Oct 29, 2026 · How we work

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ASIC is investigating the joint lead managers’ role in Firmus’s IPO.
ASIC chair Sarah Court told Senator Dave Sharma the regulator is making targeted inquiries of lead managers.
Firmus shelved its A$5 billion IPO on October 9, choosing private-market fundraising.
The IPO was priced at A$11 per share amid investor concerns about debt and AI data-centre track record.
Bank of America declined comment; JPMorgan, Morgan Stanley and Morgans did not immediately respond.

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ASIC is investigating the joint lead managers’ role in Firmus’s IPO.
ASIC chair Sarah Court told Senator Dave Sharma the regulator is making targeted inquiries of lead managers.
Firmus shelved its A$5 billion IPO on October 9, choosing private-market fundraising.
The IPO was priced at A$11 per share amid investor concerns about debt and AI data-centre track record.
Bank of America declined comment; JPMorgan, Morgan Stanley and Morgans did not immediately respond.