AdvertisementAdvertisementBusiness29 Oct 2026 09:00AM (Updated: 29 Oct 2026 09:19AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST SYDNEY, Oct 29 : Australia's corporate regulator said on Thursday it was probing the failed $5 billion initial public offering of AI data centre operator Firmus.Australian Securities and Investments Commission Chair Sarah Court said the regulator was yet to launch an official investigation, but said it had engaged with the banks leading the share sale.Firmus' planned IPO, due to be the second largest ever in Australia, collapsed on October 9 after failing to gain enough investors backing.The Nvidia-backed AI data center operator had planned to raise $5 billion in the IPO to value the company at $30.6 billion, triple the value achieved during a private fund raising round in August.Show MoreShow Less"I think it's fair to say that we are having a look at the broad range of issues that have been reported in the media, including engaging with the joint lead managers," Court told a hearing of Australian lawmakers."This was a very significant event, we understand that and we need to look at it carefully. That's what we're doing."The deal's joint lead managers were Bank of America, JPMorgan, Morgan Stanley and brokerage Morgans.Morgan Stanley and JPMorgan declined to comment on the ASIC inquiries, while Bank of America and Morgans did not immediately respond to a Reuters request for comment.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST