Global Market: Maas Group shares plunge 11% after Nvidia-backed Firmus scraps $5 billion IPO
Maas Group shares plunged nearly 11% after Nvidia-backed Firmus withdrew its planned $5 billion IPO, raising valuation concerns. Despite the setback, contracts worth A$1.1 billion remain intact, providing revenue visibility amid uncertainty over Firmus's funding strategy and AI infrastructure valuations.
Read the full report on The Economic Times
Story file
- Section
- Business
- Topics
- Stock market, AI & gadgets
- First reported by
- The Economic Times
- Reporter
- anupam nagar
- Published
- Friday, 9 October 2026, 6:26 am IST
- Coverage
- One outlet so far
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