The latest watch list addition, FINEOS Corporation Holdings PLC (FCL) is an interesting one for a few reasons, be sure to read the propsectus as there’s a lot to take in. Based in Ireland and founded in 1993, FINEOS is described as “a leading provider of core software systems to the global life, accident and health (LA&H) insurance industry. The FINEOS Platform has been designed to support group, voluntary and individual insurance on a single, integrated cloud-based platform.”
A quick peruse of the prospectus shows the offer being underwritten and Managed by Macquarie and Moelis Australia, with Ord Minnett co-managing, and asking $2.50 per share - all details that make us pay attention.
Key details and financials are below and as always, DYOR.