Feb 5 (Reuters) - Private-equity backed software group Visma may delay its plans for London's biggest initial public offering in years after a sell-off in the sector, the Financial times reported on
Norwegian software company Visma to delay London IPO after broad sell-off, FT...
Visma's IPO Plans and Market Challenges
Feb 5 (Reuters) - Norwegian software company Visma may push its London IPO plans back to the latter half of 2026 after a significant sell-off in the global software sector, the Financial Times reported on Thursday, citing people familiar with the matter.
Background on Visma and IPO Timeline
Visma, owned by the British buyout firm Hg, had earlier considered listing in the UK as soon as the first half of this year, the report said.
Impact of Market Conditions on IPO
According to the newspaper, the soonest a listing could take place would be in the second quarter, although no plans have been finalised.
Future Prospects for Visma's Listing
Reuters could not immediately verify the report. Visma and Hg did not immediately respond to Reuters' request for comment.
Visma had provisionally picked London for its IPO in part due to listing reforms made by Britain's financial regulator last year.
However, its plan was hindered after the selloff, partly sparked by AI developer Anthropic's updated chatbot release last week which heightened fears of AI-driven disruption in the data and professional services industry.
Preparations for a listing have continued, with an unnamed source telling the FT that London was a "difficult market" for the company to list into.
Visma makes accounting, payroll and HR software products for customers across the Nordic, Benelux and Baltic regions.
(Reporting by Ananya Palyekar in Bengaluru; Editing by Mrigank Dhaniwala)
