Avast, Czech cybersecurity software firm, applies to list its shares on the London Stock Exchange

Published: 22.04.2018 Related countries:  U.S.A. U.S.A.

Avast is a Czech based anti-virus company that develops security software for homes, businesses, and schools in the Czech Republic and internationally. This company has announced plans to launch shares on the London stock exchange from May 2018.

 

The Prague-based software security and protection company Avast, which was founded by Eduard Kučera and Pavel Baudiš in 1988, is valued at around four billion dollars. Avast took a major step towards boosting its worldwide position by acquiring a majority stake in the Dutch rival company AVG in 2016. Today Avast is one of the largest security companies in the world using next-gen technologies to fight cyber-attacks in real time.

 

Avast has around 400 million users in the world with around 1,700 employees and additional 600 work in its Research and Development facilities.

 

Published by the team of CzechTrade foreign office in Chicago.

 

Sources:

 

https://www.reuters.com/article/us-ipo-avast/cyber-security-firm-avast-plans-watershed-london-tech-listing-idUSKBN1HJ0QU

 

http://www.radio.cz/en/section/business/czech-based-avast-eyes-london-float