FINNENCE ▪ THE WIRE FILE
THE WIRE · № 72199
News▼ Bearish
FIRMUS DECIDED TO WITHDRAW APPLICATION TO LIST ON ASX
KINDNews
DIRECTION▼ Bearish
SOURCES2
ENTITIES1
STORY SIZE2 RECORDS
FIRST SEEN2026-10-08 22:26 UTC
LAST UPDATE2026-10-08 22:31 UTC
STATEactive
01 THE MACHINE READ
WHY IT MATTERS.
ASX withdrawal and private-market pivot reflects weak public listing appetite for unprofitable firms.
Firmus abandons ASX listing for private capital
CATALYST TO WATCH
Private raise terms or refiled listing
MAIN RISK
Private capital may demand harsher terms
FULL DISPATCH
*FIRMUS DECIDED TO WITHDRAW APPLICATION TO LIST ON ASX *FIRMUS NOW PURSUE CAPITAL FROM PRIVATE MARKETS Bring on the Apollo life insurance policies
02 THE STORY SO FAR
THE RECORD, IN ORDER.
UPDATED 2 TIMES · FIRST 2026-10-08 22:26 UTC · LAST 2026-10-08 22:31 UTC2026-10-08 22:26 UTCNewsFIRMUS DECIDED TO WITHDRAW APPLICATION TO LIST ON ASXCURRENT RECORD
2026-10-08 22:31 UTCNewsFirmus pulled its IPO because it seriously thought someone will buy its EV+1/EBIT+2 "valuation" metric -> Enterprise value based on debt in one year (lower of course), divided by projected EBIT in 2 years (higher of course). No, really
03 WHO'S INVOLVED
ENTITIES ON FILE.
AFFECTEDCredit
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
→CORRELATIONshares Credit
Arini Capital, the hedge fund launched by a star trader known for concentrated bets, lost about 15.7% this year through September in its flagship fund2026-10-08 22:28 UTC
Arini Capital, the hedge fund launched by a star trader known for concentrated bets, lost about 15.7% this year through September in its flagship fund2026-10-08 22:28 UTC
→CORRELATIONshares Credit
Firmus pulled its IPO because it seriously thought someone will buy its EV+1/EBIT+2 "valuation" metric -> Enterprise value based on debt in one year (lower of course), divided by projected EBIT in 2 years (higher of course). No, really2026-10-08 22:31 UTC
Firmus pulled its IPO because it seriously thought someone will buy its EV+1/EBIT+2 "valuation" metric -> Enterprise value based on debt in one year (lower of course), divided by projected EBIT in 2 years (higher of course). No, really2026-10-08 22:31 UTC
→CORRELATIONshares Credit
Palmer Luckey's bank is on a tear. Erebor, the tech-focused bank founded by the Oculus creator and Anduril co-founder, has surged to more than $7 billion in deposits2026-10-08 22:58 UTC
Palmer Luckey's bank is on a tear. Erebor, the tech-focused bank founded by the Oculus creator and Anduril co-founder, has surged to more than $7 billion in deposits2026-10-08 22:58 UTC
←CORRELATIONshares Credit
A credit-card bill that could dent banks’ profits and erode Visa’s and Mastercard’s dominance has a new champion in President Trump2026-10-08 19:01 UTC
A credit-card bill that could dent banks’ profits and erode Visa’s and Mastercard’s dominance has a new champion in President Trump2026-10-08 19:01 UTC
←CORRELATIONshares Credit
New bonds carry a 6.2% rate as Spire (SR)'s Missouri subsidiary issues debt due in 2036.2026-10-08 20:34 UTC
New bonds carry a 6.2% rate as Spire (SR)'s Missouri subsidiary issues debt due in 2036.2026-10-08 20:34 UTC
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Summaries are generated and may contain errors — every claim links its sources.