Irish float drives Aussie market

摘要

A modest IPO from an Irish software company is shaping up as the biggest ASX listing so far this year, providing further evidence that the Australian market remains in the doldrums. At A$211m (US$ 146m), the proposed listing of fineos will overtake the AS110m float of online lender Prospa in May to become the most notable IPO of the year. "In terms of IPOs, the Australian market has been fairly quiet this year with an absence of high-profile, billion-sized deals in the pipeline," said a Sydney-based banker.