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Firmus faced a market setback after its Oct 26 retail IPO raised A$7.0B at an A$44.0B valuation. Prior to the IPO, Firmus raised A$330M at A$1.9B in Sep 25, A$725M at A$8.2B in Apr 26, and A$2.9B at A$15.5B in Aug 26.

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