British banking software group Misys to return to stock market



British banking software services company Misys expects to raise around 500 million pounds when it returns to the London Stock Exchange in a flotation planned for early November, it said on Thursday.
The London-based group delisted in 2012 when private equity firm Vista bought it for 1.27 billion pounds. As part of the return to the market, Vista may also sell down some of its holding.
"I believe that the return to public markets as a larger, more innovative and more effective company is a logical step in our evolution," Chief Executive Nadeem Syed said.
Misys develops and... read more

 
6 October 2016 in World News, Views: 43
Source: Reuters
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