ASIC Launches Inquiries Into Failed Firmus Grid IPO

The Australian Securities and Investments Commission is conducting targeted inquiries into investment banks that served as joint lead managers for the failed initial public offering of Firmus Grid Ltd. in early October 2026.

ASIC Chair Sarah Court confirmed the regulatory action in a letter dated October 28, which was sent in response to questions raised by Senator Dave Sharma. The regulator is currently seeking information to determine if further action is warranted, though it has not yet opened a formal investigation into the failed offering.