Fineos floats on Australian market for half the expected cost

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

17th November, 2019

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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