Technology10/12/2026•Bloomberg
Firmus Fiasco Wipes Out $700 Million of Early Backer Maas’ Value
Maas Group Holdings Ltd. has lost more than A$1 billion ($699 million) in market value as Firmus Grid Ltd. ’s initial public offering unraveled, with the shares extending their decline to a fifth day after Jefferies Financial Group Inc. downgraded its rating.
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