Irish software company Fineos shaved almost half of the costs off its flotation on the Australian stock market.
The Dublin-based company had expected to incur costs of €10.7 million from its listing in Sydney, which raised about €130 million to fund its expansion plans and allow shareholders to cash out.
However, Fineos said it spent €4.9 million less on the initial public offering (IPO), as existing shareholders paid the cost of selling their own shares...
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