ASIC Conducts Enquiries Into Failed Firmus Grid IPO

The Australian Securities and Investments Commission is gathering information regarding the failed initial public offering of Firmus Grid Ltd. The regulatory body disclosed the activity during a Joint Select Committee on Artificial Intelligence hearing in Sydney on Tuesday.

Chris Savundra, the agency's head of enforcement, clarified that while the commission is undertaking enquiries in the usual course, it has not launched a formal investigation. ASIC Chief Executive Officer Scott Gregson added that the agency maintains a limited role in the listing process.