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DayOne IPO dramas create unwanted headache for Firmus’ big plans

The Australian Financial Review (AFR) •
October 22, 2026 • 09:00 AM
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The Singapore-based data centre builder is developing a sprawling Indonesian campus for the neocloud, but could scale back or pull its own public listing.

DayOne IPO dramas create unwanted headache for Firmus’ big plans

A data centre development specialist building a sprawling Indonesian campus for Firmus Technologies is considering delaying or pulling its own listing plans, the latest indication that investor appetite for exposure to artificial intelligence is cooling and another headache for the Australian neocloud.

Singapore-based DayOne Data Centres could halve the size of its capital-raising plans to $US2.5 billion ($3.6 billion) until the market recovers, Bloomberg reported, citing people familiar with the matter.

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