AUSTRALIA'S FIRMUS WILL LAUNCH $5 billion IPO ON OCTOBER 6, TERM SHEET SHOWS

Australian data centre operator Firmus will launch its initial public offering on October 6, according to ​a term sheet reviewed by Reuters, seeking to raise A$7 billion ($5 billion) ‌in the second-largest IPO in Australia's history.

A term sheet sent to investors on Monday said the institutional bookbuild would start on October 6 and close on October 7, with a prospectus expected to ​be lodged on October 8. Retail investors will be able to bid ​for stock from October 12 to 19, the term sheet showed.

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