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The Firmus IPO Disaster

October 13, 2026 · 39 min

Show notes

Over the course of a week, Aussie neocloud company Firmus went from expecting a $40B IPO to cancelling it all together. The company and its Co-CEO Oliver Curtis have, to some, become a punching bag for the media and online critics alike. On the other hand, some are suggesting that Australia's 'tall poppy syndrome' may be obscuring a key opportunity for the country to get a slice of the AI pie. In this episode, Raph and Jimbo take us through the media circus day-by-day to diagnose what went wrong.

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