Another stock market float in peril as software giant Misys is forced to slash price by 30%

Software giant Misys has been forced to slash the price of its stock market float by up to 30 per cent.
The company, which provides software to banks and financial groups worldwide, was planning to list its shares in London next month in a deal that would have made it worth around £4.5billion. But it is now thought it will be valued at between £3.2billion and £3.5billion.
Several companies in recent days have abandoned plans to list or cut their asking price.
Waste management firm Biffa has slashed the price of its stock market float to save its planned listing. It is expected to announce,... read more

16 October 2016 in Business, Views: 55
Source: Daily Mail

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