Sydney, 19 August 2019: Clayton Utz congratulates Irish technology company FINEOS Corporation Holdings plc on completing its initial public offering and listing on the Australian Securities Exchange on Friday, 16 August 2019 – making it the largest foreign technology company listed on the ASX to date.
Clayton Utz partner Stuart Byrne led the legal team advising FINEOS alongside Jonathan Algar. Other core team members included special counsel Natalie Krahe and senior associate Kwan Leung. FINEOS was also advised by Macquarie Capital and Moelis Australia as joint lead managers, as well as William Fry, KPMG and Mazars.
Commenting on the transaction, Stuart 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."
FINEOS listed on the ASX with an opening market capitalisation of around $713 million.