Market Chatter: Maas Group Holdings-Backed Firmus Hires Retail Brokers for Planned Australia IPO

MT Newswires Live

4 hours ago

Maas Group Holdings (ASX:MGH) affiliate Firmus has engaged retail brokerage firms for a planned initial public offering in Australia this year, and is getting ready to file the listing documents within the coming weeks, The Australian's DataRoom reported Monday, citing anonymous sources.

Firmus has hired Bell Potter, CommSec, and Ord Minnett as advisers, adding to a line-up that includes Morgans, Highbury Partnership, Bank of America, JPMorgan, and Morgan Stanley, according to the report.

Earlier in August, Maas Group agreed to acquire an additional AU$300 million of Firmus shares at AU$230 each, an Australian bourse filing showed.

Firmus declined to comment in response to a query from MT Newswires. Maas Group shares fell 2% in recent Monday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Maas Group shares fell 2% in recent Monday trade.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2347655156.SGD","symbol_name":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663246490","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663246490","pubTimestamp":1788151871,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Maas Group shares fell 2% in recent Monday trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}