US Markets

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

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.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More