Earlier this month, the initial public offering (IPO) of Firmus Grid Ltd. (hereinafter referred to as "Firmus") ended in failure. Currently, the Australian corporate regulatory authority is in the process of gathering information from the relevant investment banks. However, it's important to note that a formal investigation has not been launched at this stage. The Chairperson of the Australian Securities and Investments Commission (ASIC) has made it clear that specific inquiries are being conducted with the joint lead managers of the IPO. Subsequently, the information obtained will be carefully evaluated to determine whether further steps need to be taken.
