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Firmus Fiasco Wipes Out 0 Million of Early Backer Maas’ Value – USFTB

Australian News Today

Firmus Fiasco Wipes Out $700 Million of Early Backer Maas’ Value – USFTB

By Ethan Michael Carter

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October 13, 2026

2 Min Read

(Bloomberg) — 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…

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Firmus Fiasco Wipes Out $700 Million of Early Backer Maas’ Value – USFTB