Firmus, the infrastructure technology company behind a highly publicized and ultimately unsuccessful $44 billion initial public offering (IPO) attempt, has severed ties with its prominent Canberra-based lobbyist Eamonn Fitzpatrick, sources familiar with the matter confirmed.

Fitzpatrick, a former journalist and media adviser to former Australian prime ministers Kevin Rudd and Julia Gillard, first took on Firmus as a client in February 2025. However, those close to the situation say he has not undertaken any work for the company in over two years, suggesting the formal separation was more administrative than the result of any recent developments. Firmus had planned to present before the federal parliament’s inquiry into artificial intelligence infrastructure but withdrew just before the scheduled appearance as investor interest in its IPO rapidly evaporated.

Despite the split, Fitzpatrick remains reportedly optimistic about the Firmus vision for regional infrastructure. His belief was reinforced following a detailed introduction to their facility in Singapore, led by Firmus founder Oliver Curtis.

Curtis himself has been maintaining a low profile since the abandonment of the IPO. After spending the week in Berlin, where he reportedly met with Nvidia CEO Jensen Huang in hopes of securing investment support, Curtis returned to Singapore on Friday. His future plans, including any potential return to Australia, remain unclear.

Industry observers note that the fallout from the failed flotation has been particularly challenging for advisers and lobbyists closely linked to the company, as it was among the highest-profile and most ambitious tech offerings in recent Australian corporate history. The abrupt collapse has had significant repercussions within Canberra’s advisory networks, where Firmus’s ambitious AI infrastructure venture had generated considerable attention.

While some insiders describe Fitzpatrick’s departure as a routine update possibly connected to broader disclosure requirements, others view it as indicative of deeper organizational shifts following the company’s faltering public market ambitions. Firmus has yet to announce any new strategies or partnerships following the IPO setback.