Sunday January 19, 2020

Enterprise Ireland to net €30m from Fineos flotation

The state agency owns just under 10 per cent of Fineos, which is listing on the stock market in Australia, giving the company a value of A$712 million (€433 million)

Ian Guider

Markets Editor

@ianguider
11th August, 2019
Fineos chief executive Michael Kelly

Enterprise Ireland is set to be one of the biggest beneficiaries from the flotation of Dublin-based software company Fineos when it completes its listing later this month, netting as much as €30 million.

The state agency owns just under 10 per cent of Fineos, which is listing on the stock market in Australia, giving the company a value of A$712 million (€433 million). About 30 per cent of Fineos is being sold to new investors...

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