BUZZ - After the turmoil of Firmus' initial public offering, Australia's Maas Group shares plunged nearly 30% this week
路透社2026/10/09 01:26October 9 - ** Shares of Australian Maas Group (MGH.AX) have fallen more than 27% so far this week and are set for their worst weekly performance if the downward trend continues. ** On Thursday, media reported that Firmus, backed by Nvidia, might reduce the size of its AUD 5 billion Australian IPO (link), sparking investor concerns and leading to a 30% plunge in shares of construction services provider MGH. ** MGH holds a 3.2% stake in this AI data center operator. ** MGH suspended trading on Friday (link), pending an announcement related to Firmus. Firmus has shelved its AUD 5 billion listing plan due to market volatility and conditions. ** Before the suspension, MGH's shares had already fallen over 8% this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. This automated translation may contain inaccuracies or omit the desired context; Reuters does not guarantee the accuracy of automated translations and provides them solely for reader convenience. Reuters accepts no liability for any harm or loss caused by the use of automated translations.)
October 9 - ** Shares of Australian Maas Group (MGH.AX) have fallen more than 27% so far this week; if the decline continues, this week will mark its worst performance
** On Thursday, there were media reports that Nvidia-backed Firmus may scale down its A$5 billion Australia initial public offering (IPO) (link), sparking investor concerns and causing shares of construction service provider MGH to plunge 30%
** MGH holds a 3.2% stake in this AI data center operator
** MGH suspended trading on Friday (link), awaiting an announcement related to Firmus; Firmus has shelved its A$5 billion listing plan due to market volatility and conditions
** Before the suspension, shares had already fallen by more than 8% year to date
(To facilitate non-English speakers, Reuters provides automated translations of its reporting into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translated text and provides it solely for reader convenience. Reuters shall not be liable for any damages or losses caused by the use of the automated translation feature.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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