Australia's Maas Group slumps on report Firmus may change $5 billion IPO terms
08/10/2026 01:59
BUZZ-Australia's Maas Group slumps on report Firmus may change $5 billion IPO terms ** Shares of Australia's Maas Group MGH.AX fall as much as 30.1% to A$4.470, on track to log their worst day, if losses hold
** Stock hits its lowest level since May 6
** Stock tumbles after local media reports said terms of AI infrastructure company Firmus' $5 billion IPO could be changed
** MGH has over 3% stake in the Nvidia-backed firm
** Stock down 10% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)
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