Oneview Healthcare will become the first Irish company to list on the Australian Securities Exchange on Thursday after raising $62.4 million to fund the technology firm's expansion.
Oneview - a technology company that has developed a software platform for the healthcare sector - will use the money raised from the initial public offering for its research and development pipeline, and new sales executives.
The company's biggest market is Australia, but it also has some operations in the US and Middle East. It currently employees 80 staff.
Oneview was also talking to several parties about entering the UK market, chief executive James Fitter told AAP.
But its biggest expansion opportunity was the US market, which has just under one million hospital beds across the country. That compares to around 100,000 hospital beds in Australia, Mr Fitter said.
"The US is, obviously, the huge prize. The US market is ten times the size of the Australian market," he said.
Its number one competitor in the US was a privately-held company called GetwellNetwork, which currently operates in about four per cent of US hospitals, Mr Fitter added.
Oneview said its technology was changing patients' experience in hospital, and was giving hospitals digital technology enabling them to change the way they worked and to cut waste and inefficiency.
The Oneview technology platform is already installed or about to be installed in eight Epworth Healthcare hospitals in Melbourne, the Chris O'Brien Lifehouse at Royal Prince Alfred Hospital in Sydney, the Children's Hospital at Westmead, Sydney, and the Cairns Hospital in Queensland.
The company - which was founded by Mark McCloskey in Dublin in 2008 - reported a net loss of 10.6 million euros ($A15.68 million) in fiscal 2015, widening from a net loss of EUR4.7 million a year earlier as the group invested in its operations.
"Like many early stage companies, Oneview has incurred operating losses to date to build its platform and products and gain market share," Oneview said in its prospectus.
Oneview booked revenue of EUR2.3 million fiscal 2015, down from EUR2.9 million a year earlier.
Mr Fitter said Oneview was listing in Australia primarily because that was the group's most mature business market, and around 50 per cent of its current shareholders were of Australian origin.
Mr Fitter hopes the group's ASX listing on St Patrick's Day will bring it good luck.
