Firmus shelves $5 billion IPO, boosting Australian software shares
Australian shares rose as Firmus shelved its $5 billion IPO, sending money into local software names after the ASX 200’s recent pullback.
Australian shares rose on Friday as bargain hunters bought stocks after the benchmark’s recent pullback, while Firmus’ decision to shelve its $5 billion initial public offering lifted local software names. The benchmark S&P/ASX 200 ASX:XJO was not…