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Maas Group shares fall following Firmus's $5 billion IPO withdrawal

Investing.com +1 ·

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  1. 1Firmus has withdrawn its $5 billion initial public offering (IPO) plan due to market volatility.
  2. 2Maas Group shares fell 6.7% on Friday, closing at A$4.63.
  3. 3Maas Group holds a 3.2% stake in Firmus.

So what's the key point?

Firmus canceled its $5 billion plan to go public because of unstable market conditions. The stock price of Maas Group, which owns some shares in Firmus, also declined.

Source Investing.com +1 · View original ↗

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