Norwegian software program service agency Visma’s management is eyeing a possible 2023 preliminary public providing, a spokesman advised Reuters.
“We’re contemplating an IPO throughout 2023, after all provided that market situations are favorable. The Oslo Inventory Trade might be an excellent choice,” the spokesman mentioned in an emailed assertion, Reuters reported.
Visma states in advertising and marketing supplies that it supplies “software program that simplifies and automates processes in a variety of enterprise areas, together with accounting, HRM and payroll, invoicing, e-government, and extra.”
Visma’s majority proprietor is Hg, a non-public fairness agency that acknowledged in a information launch Thursday that the software program firm’s worth as of a latest sequence of personal investments is about $19 billion.
“It’s due to Visma’s devoted and gifted workers, with their entrepreneurial mindset and native experience, that we now have achieved our place in Europe immediately. Visma has additionally lengthy benefited from a supportive and educated investor base, which has been extremely invaluable to the expansion of the enterprise,” Visma Chief Govt Merete Hverven mentioned in a ready assertion accompanying the announcement of the brand new buyers.
Hverven added: “The longer term appears brilliant for the expansion of digital companies, as companies more and more see the worth of cloud options to deal with their most vital enterprise processes.”
Enterprise capital agency Hg retained majority possession of Visma after the brand new spherical of investments, in accordance with the software program firm’s announcement. Different buyers within the newest spherical embrace: GIC, ICG, CPP Investments, Normal Atlantic, TPG, Warburg Pincus and Visma administration.
Hg states it has funds beneath administration of about $37 billion and an funding workers of greater than 140.