Norway’s €19bn software company Visma picks London for IPO | London Stock Exchange

19 billion € Norwegian software company Visma chose London via Amsterdam for the next year’s planned flotation and gave a highly needed support to the London stock exchange.

For 2.1 million customers in Northern Europe and Latin America, accounting, payroll and HR software products have not yet made a final decision, but London Frontrunner is understood.

Visma is thought to have chosen London for the first public offering (public offering) due to the existence of more investors focusing on the acquisition of deep capital markets and only UK stocks. Reported by Financial Times.

Last year, Frankfurt’da a single list in the US Nasdaq’da drug producer Indivior and Anglo-German travel group TUI’de a rare victory for a rare victory for the stock market of London. In 2024, the London Market has lost 88 companies that have been studying or transferring the primary list of most elsewhere since the 2008-09 financial crisis. EY ANALYSIS.

The decision depends on the implementation of reforms by the British government and the London Stock Exchange to balance the complications caused by Brexit.

Visma, headquartered in Oslo, is 70%by London -based private capital company HG Capital. HG, the second largest private capital company behind Jersey -based CVC Capital Partners, decided to focus on software investments twenty years ago.

When HG stepped into Visma’s hostile proposal from the UK Software Group Sage, it helped to take VISMA from the Oslo Stock Exchange in 2006 with an £ 330 million in 2006.

Since then, Visma has grown every three months and expanded with 350 bolted purchases. It has 16,400 employees and reported 2.8 billion € revenue with approximately 12% organic growth last year. 893 million € made the underlying snow.

Other investors include Singapore’s Egemen Return Fund, Singapore Private Capital Company Middle Capital Group, Canada’s CPP investments and Texas -based private capital group TPG. Visma’s general manager Merete Hvervven and the management team, which is managed by group employees, brings together 6.4%. He joined the company in 2011 and took the world in March 2020.

Visma, the largest special software company in Europe, thought to list it in 2023, but decided to gather funds from private investors in the midst of market volatility.

Visma and HG refused to comment.