Business54 mOctober 12, 2026, 10:12

Firmus Grid IPO Collapse Wipes $700 Million Off Maas Group Value

Maas Group Holdings Ltd. has lost more than A$1 billion ($699 million) in market value after Firmus Grid Ltd.'s initial public offering unraveled. Shares fell for a fifth straight day after Jefferies downgraded the stock.

Bloomberg

Open source

Maas Group lost over A$1 billion ($699 million) in market value
Shares declined for a fifth day after the Firmus Grid IPO collapsed
Jefferies downgraded Maas Group's rating

#MaasGroup#FirmusGrid#Jefferies

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