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John Pearce’s improbable Firmus lottery ticket

The Australian Financial Review (AFR) •
October 27, 2026 • 06:00 PM
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In a wild twist, the man who became the face of big super’s rejection of the neocloud also appears on its shareholder register.

John Pearce’s improbable Firmus lottery ticket

UniSuper’s chief investment officer John Pearce delivered the best one-liner at The Australian Financial Review Super & Wealth Summit this week.

Casting shade on the “bankers and vendors” around Firmus’ failed $44 billion initial public offering, he called them “a bit greedy”. Then he said the true value of the stock was “ probably closer to $1 than $11 ”.

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Dream ticket? Super-rich can sleep pretty with Singapore Airlines ‘largest double bed in the sky’

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1w ago
Planning scheme defended as Firmus' AI research lab green-lit

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A Firmus AI research and development facility has received approval, reiterating calls to overhaul a planning scheme criticised as being unfit for purpose.

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