Cyber security firm Avast is set to raise between £2.5bn and £3.2bn from its initial public offering (IPO), which could value the company at about $200m ($3.5-$4.5bn). The offering could be the biggest London listing since last summer, and joins Sophos as the only other cybersecurity firm listed in the UK. The London Stock Exchange is trying to attract more IPOs from technology firms who usually list in New York. Last year Avast reported revenues of $780m with an EBIDTA of $451m. The company is 46% owned by its founders, who are backed by CVC Capital Partners and Summit Partners.
Cyber security firm Avast is set to raise about $200m from its initial public offering (IPO), which could value the company at between £2.5bn and £3.2bn ($3.5-$4.5bn). The offering could be the biggest London listing since last summer, and joins Sophos as the only other cybersecurity firm listed in the UK. The London Stock Exchange is trying to attract more IPOs from technology firms who usually list in New York. Last year Avast reported revenues of $780m with an EBIDTA of $451m. The company is 46% owned by its founders, who are backed by CVC Capital Partners and Summit Partners.