Cases & Deals

MAAS Group Holdings Limited (MAAS) completes A$145.6 million IPO on Australian Securities Exchange

Clients MAAS Group Holdings Limited

Jones Day advised MAAS Group Holdings Limited (MAAS) in connection with its A$145.6 million initial public offering on the Australian Securities Exchange (ASX). MAAS is a leading independent Australian construction materials, equipment, and services provider with diversified exposures across the civil, infrastructure, mining, and real estate end markets. MAAS was founded in 2002 by Mr. Wes Maas who will remain the largest shareholder post-listing. The initial public offering comprises a A$145.6 million raising including the issue of 41 million new shares and the sell down of 31.8 million existing shares at an offer price of A$2.00, giving the company a market capitalization of A$529.9 million.