Maples advises FleetMatics on NYSE IPO
FleetMatics IPO is first NYSE listing by an Irish technology company
Maples and Calder (“Maples”) has advised on the initial public offering (“IPO”) of FleetMatics Group PLC, on the New York Stock Exchange (“NYSE”). This represents the first IPO of an Irish technology company in the US for over ten years.
FleetMatics is a fleet management solutions software-as-a-service provider. The Irish office of international law firm Maples and Calder is a long-standing advisor to FleetMatics.
Edward Miller, partner and global head of the corporate group in Maples, said, “This is an exciting step in the evolution of FleetMatics business. It is also good news for the Irish technology sector as it shows that the US equity capital markets are open to our best companies. We are delighted to have represented FleetMatics on this IPO and when taking into account our international offices, this brings to eleven the number of IPO's we have worked on in 2012.”
This IPO reaffirms Maples place as one of the leading advisors in the Irish technology and growth sectors. The firm's recent high profile corporate transactions in this area include: Cryptologic, ThirdForce, ThinkSmart, Trintech, Hostelworld.com and many others.