ASX Data Centre Stocks Fall as Firmus and AirTrunk Listings Stall
The stalled IPOs have weighed on Australian engineering and electrical contractors tied to the data centre buildout, including SKS Technologies and Southern Cross Electrical.
Engineering and electrical contractors have benefited from Australia’s data centre expansion over the past 12—24 months. But two IPOs stalling within a week have highlighted the sector’s limited tolerance for disappointment. The group includes SKS Technologies and Southern Cross Electrical…