Powered by MOMENTUM MEDIA
Software company advised on ASX listing
LIVE

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Software company advised on ASX listing

ASX

Irish software company FINEOS has been advised by Clayton Utz on its successful listing on the Australian Stock Exchange.

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.

Value: N/A.

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.

Advertisement
Advertisement

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

Jerome Doraisamy

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.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

FROM THE WEB
Recommended by Spike Native Network