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Cyber security firm Avast eyes watershed London tech listing

Reuters  |  LONDON 

LONDON (Reuters) - Cyber security software firm Avast said on Thursday it will apply to list its shares on the London Stock Exchange in what sources previously told Reuters would be a blockbuster float expected to value the company at around $4 billion. The listing, which is expected to occur in early May 2018, will see a free float of at least 25 percent of Avast's issued share capital with the aim of raising around $200 million in primary proceeds. These funds will be used to pay down company debt and drive future growth, Prague-based Avast, maker of the world's most popular antivirus ...

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First Published: Thu, April 12 2018. 12:43 IST