{"id":1042308,"date":"2026-10-10T09:16:38","date_gmt":"2026-10-10T03:46:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1042308"},"modified":"2026-10-10T09:25:09","modified_gmt":"2026-10-10T03:55:09","slug":"global-market-maas-group-shares-plunge-11-after-nvidia-backed-firmus-scraps-5-billion-ipo","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/10\/global-market-maas-group-shares-plunge-11-after-nvidia-backed-firmus-scraps-5-billion-ipo\/","title":{"rendered":"Global Market: Maas Group shares plunge 11% after Nvidia-backed Firmus scraps $5 billion IPO"},"content":{"rendered":"<p>Shares of Australian construction services provider Maas Group fell nearly 11% on Friday after Nvidia-backed data-centre operator Firmus withdrew its planned $5 billion initial public offering (IPO), raising concerns over the value of Maas&#8217;s investment in the company, according to a report by Reuters. <\/p>\n<p>Maas shares dropped as much as 10.7% to A$4.43, their lowest level in five months, after trading resumed following a halt pending an update on Firmus&#8217;s IPO and its contracts with the data-centre operator, the report stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Australian construction services provider Maas Group fell nearly 11% on Friday after Nvidia-backed data-centre operator Firmus withdrew its planned $5 billion initial public offering (IPO), raising concerns over the value of Maas&#8217;s investment in the company, according to a report by Reuters. Maas shares dropped as much as 10.7% to A$4.43, their lowest level in five months, after trading resumed following a halt pending an update on Firmus&#8217;s IPO and its contracts with the data-centre operator, the report stated.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1042308","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1042308"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042308\/revisions"}],"predecessor-version":[{"id":1042309,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1042308\/revisions\/1042309"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1042308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1042308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1042308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}