Firm: Clayton Utz (FINEOS).
Deal: FINEOS has completed its initial public offering listed on the ASX, with an opening market capitalisation of around $713 million.
Area: Capital markets and securities.
Key players: The CU team was led by partners Stuart Byrne and Jonathan Algar, who were supported by special counsel Natalie Krahe and senior associate Kwan Leung.
FINEOS was also advised by Macquarie Capital and Moelis Australia as joint lead managers, William Fry, KPMG and Mazars.
Deal significance: FINEOS is currently the largest foreign technology company listed on the ASX, CU said in a statement.
Mr Byrne said: “FINEOS’ admission to the ASX highlights the significant opportunity for foreign technology companies to seek liquidity and capital here in Australia.”
“The successful listing of companies like FINEOS and the deep pools of capital available here will encourage more quality foreign businesses to consider the ASX as an attractive listing venue,” he added.
Jerome Doraisamy is a senior writer for Lawyers Weekly and Wellness Daily. He is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, an adjunct lecturer at The University of Western Australia and is a board director of Minds Count.