Resurgent stock market kickstarts London listings: Misys announces November float that could value it at £5.5bn
Flotation activity in London looked to be firmly back on track today after Misys revealed plans to return to the stock market in what is set to be the biggest UK listing this year.
The group, which provides software to banks and financial groups worldwide, is planning to float in early November, just four years after it was taken private by Vista Equity Partners in a £1.3billion deal.
Misys is hoping to raise around £500million and it is thought the group could be valued as high as £5.5 billion.
Chief executive Nadeem Syed said the timing was right to return to the market, adding that the... read more