London, June 26, 2024: Norwegian software company Visma has provisionally selected London for its initial public offering (IPO) in 2026. This decision could revitalize the London Stock Exchange, which has seen a decrease in new listings.
Visma, valued at approximately $20 billion after a 2023 private share sale, provides software solutions. The company is primarily owned by British private equity firm Hg, holding a 70% stake. The IPO is expected in early 2026, contingent on regulatory reforms.
This move is influenced by regulatory reforms aimed at attracting international firms. London's deeper capital markets and UK-centric investor base are also key factors. Source: Reuters, Financial Times.