SMH Business

The tech world believes in second chances, but does Oliver Curtis deserve a third?

Commentary on data centre company Firmus after its attempted ASX listing collapsed, noting committed Blackstone debt backing and debating founder Oliver Curtis's reputation given his insider trading past.

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Firmus considering postponing float: report

Australian data centre group Firmus may shelve its listing and pursue private backing instead, having earlier secured $US2 billion in investor commitments including Nvidia and Blackstone.

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Firmus float in trouble as investors don’t buy the hype

The data centre company's planned multibillion-dollar sharemarket debut is struggling, with institutional investors rejecting the initial share price and bankers reportedly cutting the offer price to prevent the float collapsing.

Also The Age Business

Australia's great AI hope just hit a speed bump

AI infrastructure company Firmus, preparing an ASX listing at a reported $44 billion valuation, has split from partner CDC over a scrapped data centre plan, while its prominent backers stay supportive.

Also The Age Business

Aurum jags 155g/t West African gold ahead of resource update

West African gold explorer Aurum Resources reported standout drilling results at Boundiali, days after locking in A$52.5 million from institutional investors.

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Financial Review editor-in-chief James Chessell quits to join media start-up

The AFR's top editor James Chessell departs for Joe Aston's outlet Rampart, which last month announced a $2.3 million raise, while Cosima Marriner steps up to become the paper's first woman editor-in-chief.

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Business founder wants to cut real estate agents out of the rental market

RentBetter, a platform letting landlords manage rentals without agents, has secured $5m from VC firm EVP; the piece debates whether owners' savings reach tenants, with industry and tenant advocates sceptical.

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Amplia opens new front in ovarian cancer fight

Amplia has locked in the design of its PRROSE phase two study pairing narmafotinib with chemotherapy in ovarian cancer, to run with ANZGOG across Australia and New Zealand, recruiting about 26 patients.

Cap Raise Crucible: Canaccord leads big mining dash for cash

Roundup tallies 35 ASX equity fundraises seeking $687.5 million, mostly miners; Canaccord Genuity led broker mandates with nine deals, while FireFly Metals' $190 million package was the period's largest.

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Critical Resources battery tech holds firm in month-long test

ASX-listed Critical Resources reports its solid-state pouch cell kept three-quarters of its capacity through a month-long cycling trial, further validating its solvent-free battery manufacturing approach.

Patriot locks up five-year access for massive Peruvian silver hunt

Peruvian-focused explorer Patriot has struck a deal with local landholders unlocking five years of drilling access at its Tassa silver project; the article also recalls a recently completed $3 million raise.

Also The Age Business

Syngenis banks $4M pre-float to power AI-driven biotech platform

Perth biotech Syngenis Labs has closed an oversubscribed $4 million pre-IPO round arranged through Euroz Hartleys, funding a GMP facility and its AI-driven RNA and DNA medicine platform ahead of a planned ASX listing.

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The lazy CEO: Jane Lu on building her $100M empire

Sponsored profile of Showpo founder Jane Lu, who credits building systems over hustle culture for growing her garage-started fashion label into a business earning more than $100 million in revenue.

Big plans for BioPak as private equity bags a stake

Five V Capital bought a 30 per cent stake in packaging firm BioPak, buying shares from Duni Group and CEO Gary Smith, with plans for onshore manufacturing, price cuts and North American acquisitions.

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Carsales co-founder and CEO Greg Roebuck resigns, replaced by COO

Carsales co-founder and CEO Greg Roebuck is resigning after nine years, retiring from the board too, with COO Cameron McIntyre replacing him as CEO in March.