Visma to List on London Stock Exchange with Valuation of £16 Billion

Strategic Insights -

Norwegian software company Visma plans to list on the London Stock Exchange in early 2024, with an expected valuation of around £16 billion. The move is part of a larger plan to tap into deep capital markets in the UK. As a provider of business software, Visma has grown significantly over the years, with 14,000 employees and over 1.4 million customers across several continents, generating annual revenues of over €2 billion. Despite the plans, the listing is contingent on reforms to listing rules by the UK government and the London Stock Exchange.

Key Takeaways:

  • Visma, a Norwegian software company, is planning to list on the London Stock Exchange in early 2024.
  • The expected valuation of the company is around £16 billion.
  • The listing is contingent on reforms to listing rules by the UK government and the London Stock Exchange.
  • Hg, the British private equity owner of Visma, invested £82 million in 2006 in a deal to take Visma private at a valuation of about £382 million.
  • Hg has since made a number of bolt-on acquisitions and other strategic investments in Visma.
  • Visma has grown significantly with 14,000 employees and over 1.4 million customers across the Nordics, Benelux, Central and Eastern Europe, and Latin America.
  • The company generates annual revenues of over €2 billion.

Statistics:

  • Expected valuation of Visma: £16 billion
  • Number of employees: 14,000
  • Number of customers: over 1.4 million
  • Annual revenues: over €2 billion
  • Hg's investment in Visma: £82 million
  • Valuation of Visma at acquisition: £382 million
  • Hg's subsequent buyout of Visma in 2017: £16.4 billion

Sources:

  • The Financial Times (insert link to original article)
  • HgCapital Trust (LSE:HGT)