Firmus' IPO in jeopardy; Tech giants at the AI inquiry.
Firmus's ASX IPO hangs in the balance as institutional investors grow increasingly sceptic before the book build was due to close. Meanwhile, the Joint Select Committee on AI wraps a big week of hearings, with tech giants including OpenAI, Anthropic, Microsoft and Google facing questions on their responsibilities and the AI opportunity in Australia.
We discuss:
Firmus' IPO unravelling in real time - a possible repricing or second pull, and why offshore funds are raising their eyebrows.
The high debt load bearing down on Firmus.
Mass Group's exposure as both an equity holder and construction…
The skinny
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