The spectacular undoing of Firmus – and what went wrong

On this episode

About this episode

Today, senior reporter Jonathan Shapiro and tech editor Paul Smith take us inside the spectacular undoing of Firmus: what went wrong, how it unravelled in a week, and what this sudden collapse reveals about the AI boom. This podcast is sponsored by Ripple Further reading: How Firmus’ $44b IPO failure unfolded Firmus was on a runaway train to become one of the country’s most valuable listed companies. This is the day-by-day account of how that hope evaporated. The pain that killed Firmus’ float is spreading. Here’s a new victim AirTrunk’s decision to delay its Singaporean property IPO is another sign that the rising cost of capital is starting to foster doubts…