‘Confidence evaporated’: Explaining Firmus’ $44 billion IPO flop
The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.
The “AI factory” developer, founded by Oliver Curtis and Tim Rosenfield, attempted to hit the ASX later this month with a market value of over $40 billion. Investors balked.
From aggressive hikes to the first cuts of the cycle, the Reserve Bank’s policy moves have reshaped mortgages, business borrowing and the economy. Below, we break down every rate decision since 2023.
OpenAI will be a foundational customer of two AI Factory data centres Australian company Firmus is developing. Key Takeaways Key Background Founded by Oliver Curtis and Tim Rosenfield, Firmus has rocketed almost out of nowhere to become Australia’s third largest data centre company by valuation. It has raised US$2.5 billion ($3.5 billion) so far this […]
Macquarie head of banking and infrastructure Greg Ward will in November take the reins from Wikramanayake, who has led the bank for eight years. Key Takeaways Key Background Wikramanayake is a Macquarie lifer, having joined the Millionaire’s Factory in 1987 – just two years after Macquarie Bank was spun out of UK firm Hill Samuel. […]
Rick Carragher will leave Xero in early August after serving 16 months as chief technology officer, employees were told on Wednesday.
Xero’s chief people officer, charged with driving the company’s “performance-driven culture”, departed the ASX accounting giant earlier this month.
Xero has amped up performance management of staff, offering underperformers the option for immediate severance, amid AI’s disruption of the SaaS market.
OLEG VORNIK, a Russian kid from New Zealand, took American start-up DroneShield to Australia to make anti-drone defence systems that are now used all over the world, including the conflict in Ukraine. Â
Winners and losers were there, but what should you be planning for your portfolio after reading the outlooks?
Some sectors remain overvalued in the current market environment.