Australian energy company Firmus is preparing to seek about A$5 billion from an initial public offering scheduled for October 6, according to a term sheet reviewed by Reuters.
The planned listing would rank among Australia’s largest public offerings in recent years, testing investor appetite for the country’s energy and infrastructure sectors.
The offering is expected to give Firmus capital to support expansion and strengthen its balance sheet as demand grows for reliable energy and lower-emissions technologies.
Key details, including the final share price, the number of shares to be issued and the company’s valuation, are expected to be determined closer to launch.
Market conditions could still affect the timing or size of the deal. A successful listing would provide an important benchmark for other Australian companies considering public offerings after a period of uneven activity in global equity markets.