Firmus float withdrawal raises questions over Tasmanian projects
Opponents of three northern Tasmanian data centre proposals welcomed the withdrawal, while Firmus said it remained able to pursue its plans.
Firmus has withdrawn its planned sharemarket float following weak investor demand, prompting questions about funding for its proposed data centres in northern Tasmania. The company had sought investor money to finance its expansion.
Sam Baker, from Shadforth Financial Group, said the unsuccessful ASX listing had created uncertainty about financing the Tasmanian rollout. He said it was unclear whether community opposition had contributed to the outcome, although investors would have considered it.
A Firmus spokesperson said the business was fundamentally unchanged and maintained that it remained in a position to carry out its plans, invest in projects and serve customers, including in Tasmania.
The Environmental Awareness Association, which opposes the company's three northern Tasmanian projects, expressed relief but did not regard the withdrawal as a campaign victory. Association member Nicholla Thompson, who lives at Rowella across the Tamar River from the proposed Bell Bay site, said community resistance had contributed to investors' concerns.
Deputy Premier Guy Barnett said the float was Firmus's responsibility and the Tasmanian government continued to support the company's plans.
Tasmanian Greens information and technology spokeswoman Tabatha Badger called for planning decisions on the three proposals to be paused. She questioned the government's backing and said Tasmanians needed answers before it proceeded further.
