Nvidia-backed Firmus Grid begins premarketing for A$7B ASX IPO: report

Key points:

• Data center operator Firmus Grid started premarketing on Thursday for an ASX IPO of about A$7B, IFR reported, citing unidentified people with knowledge of the matter.
• A term sheet sent to investors on Monday said the institutional bookbuild would start on October 6 and close on October 7, with a prospectus expected to ​be lodged on October 8.
• Retail investors will be able to bid ​for stock from October 12 to 19, the term sheet showed, as per reports.
• The company, founded in 2019 by Oliver Curtis, Tim Rosenfield, and Jonathan Levee, could raise up to $5.5B, with an over-allotment option, or a so-called greenshoe, to raise ​an extra $500M.