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Cyber security firm Avast plans watershed London tech listing

Reuters  |  LONDON 

By Emma Rumney and Eric AuchardLONDON (Reuters) - Avast, the world's largest consumer antivirus supplier by customers, said on Thursday it will apply to list its shares on the London Stock Exchange in what could be a blockbuster float expected to value the company at around $4 billion. The listing, which is anticipated in early May, 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. A source familiar with the matter said the firm also hopes to raise a further $800 million via secondary sales, meaning an ...

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First Published: Thu, April 12 2018. 14:12 IST