Norwegian software firm Visma is considering an IPO in London in 2024, which could signify a positive shift for the struggling UK stock market if government reforms succeed. After private equity firm Hg acquired a large stake in Visma at a £380mn valuation, the company is now valued at approximately €19bn. Despite the trend of firms like Wise and Arm moving to the US for listings, Visma is exploring London, contingent on additional reforms to enhance the IPO process.
‘...there are some good potential IPOs that are queuing up,’ said Poppy Gustafsson, highlighting the optimism around the market and potential recovery of the IPO landscape.
Visma wants additional listing reforms in place before committing to a London listing, showing their priorities in ensuring a favorable environment for their IPO.
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