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Stories tagged “ASX”

3 stories on ASX from MarketRadar.

NextDC shares crash 40% as Melbourne power delays force guidance cut
Stocks · October 21, 2026

NextDC shares crash 40% as Melbourne power delays force guidance cut

NextDC shares collapsed around 40% on Wednesday after the Australian data-centre operator slashed its fiscal 2027 guidance and shelved all new developments, blaming suspended electricity-network upgrades that have left its flagship M3 Melbourne site short of power.

Firmus scraps $5B Australian IPO as investors reject $30B valuation
Stocks · October 11, 2026

Firmus scraps $5B Australian IPO as investors reject $30B valuation

Nvidia-backed Firmus Grid pulled its $5 billion ASX listing on October 9 after investors balked at a valuation near $30 billion — almost triple what it was worth in August. The collapsed bookbuild is the clearest sign yet that public markets are repricing AI infrastructure.