Private Equity

CVC-backed Avast to be worth $4bn after London IPO

Avast was valued at $1bn when CVC invested four years ago

CVC-backed Avast to be worth $4bn after London IPO

Global cybersecurity provider Avast, in which CVC Capital Partners and Summit Partners have stakes, is expected to be worth around $4bn when it floats on the London Stock Exchange next month, FN's sister publication Private Equity News reports.

The company, which is based in the Czech Republic and has a global user base, expects to have a free-float of at least 25% when it lists. It expects trading to start on the London Stock Exchange early May.

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