Avast was listed on bourse with GBP 2.38bn market cap

Published: 15.05.2018 Related countries:  Australia Australia

Avast – top five biggest ever tech IPO on London Stock Exchange

London Stock Exchange welcomed Avast, a leading global cybersecurity provider. The Czech software firm Avast was listed on London Stock Exchange on May 10, 2018.

The IPO, consisting of 58.98 million new shares and 181.82 million existing shares, was priced at 250 pence per share. The offer represents approximately 25.3% of the shares and is worth GBP 602m, including gross yie and it ld of GBP 147.4m from the IPO. On the basis of the offer price, the market capitalisation of the Company at the commencement of trading was ca. GBP 2.38bn.

Vincent Steckler, CEO, Avast:

“Today, Avast began trading on London Stock Exchange in what I am proud to say is the largest European tech IPO of the year. As the number of cyber threats around the world continues to dramatically increase, our focus on developing award-winning security products to help protect people’s digital lives has enabled us to grow our business into the number one global consumer cybersecurity company, with more than 435 million users worldwide. This significant milestone for Avast will support our further growth as we begin the next chapter in the company’s history.”

CzechTrade Team, Sydney