Resized IPO Relaunch

Firmus most likely returns with a smaller, cleaner offering rather than abandoning public-market plans. The 25% valuation cut and weak $8 bookbuilding indicate price discovery has reset, but demand for AI compute capacity and the OpenAI Malaysia contract still give the company a credible growth story.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.