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Antivirus giant Avast plans to list in a $4bn IPO

Avast plans to list its shares on the London Stock Exchange next month in an IPO valuing the Czech antivirus giant at around $4bn, Reuters has reported.

The move would represent the biggest UK tech IPO in history and could raise around $1bn for the firm, which plans to list a quarter of its share capital.

In a statement reported by Reuters, Avast CEO Vincent Steckler said: “A listing on the London Stock Exchange is a natural fit, providing us wider access to capital markets and supporting the future growth of our business in the years ahead.”

Avast is the world’s biggest consumer antivirus supplier in terms of customer numbers. The company’s large user base, Steckler told the Financial Times, has created a strong network effect and “powers our advanced next-generation security engine”.

The listing is expected to take place in early May.