Norwegian machine firm Visma has provisionally picked London for its IPO next twelve months. It may perchance in point of fact label a rare obtain for the UK’s timid stock market — if Downing Avenue pulls thru on its promised reforms.
British deepest equity firm Hg obtained a 70% stake in Visma in 2006 at a £380mn (€445mn) valuation. The company, which makes accounting, payroll, and HR machine merchandise, is now value an estimated €19bn.
Visma beforehand regarded as checklist in Amsterdam but has since turned its sights to the British capital, based utterly on the Financial Times.
Its IPO would bustle counter to the fresh pattern of companies spicy their most important checklist a long way from the London Stock Alternate (LSE), delisting utterly, or bypassing the alternate in favour of Fresh York.
Earlier this month, British fintech Wise acknowledged it would plug its most important checklist to Fresh York. UK chip designer Arm chose to head public there in 2023, while Sweden’s Klarna has also confirmed plans to head public in the Noteworthy Apple.
In 2024, 88 companies both delisted or shifted their most important checklist a long way from London’s most important market, while honest 18 fresh companies joined, based utterly on the LSE’s contain records.
Analysts beforehand told TNW that tech companies are drawn across the Atlantic by bigger valuations, deeper capital markets, and extra investor appetite for possibility.
In say to reverse the exodus, the British govt made well-known changes to company checklist rules last twelve months in a characterize to attain the IPO course of smoother.
Poppy Gustafsson, the UK govt’s minister for investment and outmoded CEO of cybersecurity firm Darktrace, acknowledged essential of the work has been done making an strive to revive the IPO market.
“There are some factual doable IPOs which will more than seemingly be queuing up,” she told delegates at the annual Investment Association conference in London at the moment time, Financial Files London reviews.
Visma, nonetheless, needs extra checklist reforms in build earlier than committing to a London checklist, based utterly on the Financial Times. The company acknowledged its IPO changed into once contingent on a deeper implementation of the tips.
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