Maas Group Shares Sink 11% After Firmus Scraps $5 Billion IPO
Maas Group shares fell nearly 11% after Nvidia-backed Firmus withdrew plans for a $5 billion initial public offering, intensifying investor concern over valuation discipline in the artificial intelligence infrastructure market. The retreat has clouded near-term sentiment, even as Maas retains A$1.1 billion in contracts that continue to provide revenue visibility.
