Breaking: Blockbuster ASX float of data centre operator Firmus pulled after lacklustre demand

AI data centre company Firmus has withdrawn its application to list on the ASX, scrapping what was set to be one of Australia's biggest share market floats.The company cited recent market volatility and conditions, saying the offer would not appropriately reflect its long-term growth prospects."Firmus has decided to withdraw its application to list on the ASX," the company said in a statement."Having considered recent market volatility and prevailing market conditions, the Board determined that the terms on which the Offer could proceed would not appropriately reflect the strength of the Company's business and long-term growth outlook."The Board therefore concluded that proceeding with the Offer was not in the best interests of the Company and its shareholders."Firmus said it would now pursue private market funding while considering other options."We will provide additional information to shareholders as those options progress," the company said.