Irish insurance software company FINEOS is set to float on the Australian Securities Exchange (ASX) this week.
In brief:
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This will mark the largest listing in the country this year.
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The firm is set to raise $211mn which will also make it the biggest overseas tech offering on the ASX.
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FINEOS provides global life, accident and health insurers with core software solutions.
What does this mean?
The Irish company’s long-term vision is to be the industry leader in software solutions for life, accident and health insurers – its next step is to increase R&D capabilities, which will be enabled by fresh IPO capital.
