The house owners of Visma, one in every of Europe’s greatest software program firms, are near hiring bankers for a £16bn flotation that may rank among the many London market’s greatest for years.
Sky Information understands that Visma’s board and shareholders have convened a magnificence parade of funding banks within the final fortnight forward of an preliminary public providing (IPO) more likely to happen in 2026.
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 mentioned 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 properly over a million small enterprise clients.
It has grown at a fast 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 quite a lot of sovereign wealth funds and different non-public fairness corporations.
The vast majority of the corporate is owned by Hg, the London-based non-public fairness agency which has backed a string of spectacularly profitable firms within the software program trade.
Visma’s house owners’ choice to select the UK forward of competitors from Amsterdam represents a great addition to the Metropolis amid ongoing questions in regards to the attractiveness of the London inventory market to worldwide firms.
Rachel Reeves, the chancellor, used final month’s speech at Mansion Home to launch a taskforce geared toward producing extra IPO exercise within the UK.
Spokespeople claiming to characterize Visma at Kekst, a communications agency, didn’t reply to a sequence of enquiries in regards to the IPO appointments.
Hg additionally failed to reply to a request for remark.
