On Thursday May 10 Czech firm Avast launched its shares on the London Stock Exchange, which was the biggest tech-related debut on the London Stock Exchange in almost a year.
Avast hopes to sell approximately 25 percent of its stock with the overall aim of raising up to 20 million dollars. The expected price range has been cut down to 250-270 pence a share, a reduction from an earlier estimate of 250-320 pence a share.
The company was founded by Eduard Kučera a Pavel Baudiš in 1988 and it has over 435 million users worldwide nowadays. The headquarter is based in Prague, but Avast has its offices worldwide. Its strongest markets are in the US, Canada, Brazil, France, Russia and Germany.
In the past also other Czech companies like NWR, Zentiva and Stock Spirits Group had its shares on the London Stock Exchange.
Published by the team of CzechTrade foreign office in Chicago.