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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team