Jul 10, 2026 – 5.00amUniSuper, the country’s fourth-largest pension fund, has cast doubt on the highly anticipated initial public offering of Firmus Technologies and its $15.5 billion valuation, warning that the fund would not invest in the data centre developer as too little was known about its underlying business.John Pearce, the chief investment officer of UniSuper, which manages $150 billion in retirement savings, said he also did not expect there would be a public float of Firmus soon, marking a rare public expression of scepticism about the company’s plans.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles