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Irish fintech FINEOS, ASX's biggest IPO this year, opens higher on debut

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Nikhil Kurian Nainan Reuters
Shreya Mariam Job Reuters
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FINEOS Holdings Corp PLC's Australia-listed shares opened slightly higher than their IPO price in their trading debut on Friday.

Aug 16 (Reuters) - FINEOS Holdings Corp PLC's FCL.AX Australia-listed shares opened slightly higher than their IPO price in their trading debut on Friday.

The Ireland-based company raised A$211 million ($143.21 million) from its initial public offering, Australia's largest so far this year.

FINEOS opened at A$2.80 and was trading at A$2.6 per share by 0308 GMT, compared with its IPO price of A$2.50.

($1 = 1.4734 Australian dollars)

(Reporting by Nikhil Kurian Nainan and Shreya Mariam Job in Bengaluru; Editing by Muralikumar Anantharaman)

((NikhilKurian.Nainan@thomsonreuters.com; Twitter: @NikhilKurianN; +91 806 749 1637))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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