The homeowners of Visma, one in all Europe’s largest software program corporations, are near hiring bankers for a £16bn flotation that may rank among the many London market’s largest for years.
Citi, Goldman Sachs, JP Morgan and Morgan Stanley are understood to be amongst these in competition for the highest roles on the deal, Metropolis insiders stated on Friday.
A number of banks are anticipated to be appointed as world coordinators on the IPO as quickly as this month.
Visma is a Norwegian firm which provides accounting, payroll, HR and different enterprise software program to nicely over a million small enterprise clients.
It has grown at a speedy fee in recent times, each organically and thru scores of acquisitions, and has seen its profitability and valuation rise considerably throughout that interval.
The enterprise is now valued at about €19bn (£16.4bn) and is partly owned by a lot of sovereign wealth funds and different personal fairness companies.
The vast majority of the corporate is owned by Hg, the London-based personal fairness agency which has backed a string of spectacularly profitable corporations within the software program trade.
Visma’s homeowners’ resolution to select the UK forward of competitors from Amsterdam represents a fine addition to the Metropolis amid ongoing questions concerning the attractiveness of the London inventory market to worldwide corporations.
Rachel Reeves, the chancellor, used final month’s speech at Mansion Home to launch a taskforce geared toward producing further IPO exercise within the UK.
Spokespeople claiming to signify Visma at Kekst, a communications agency, didn’t reply to a collection of enquiries concerning the IPO appointments.
Hg additionally failed to answer a request for remark.
