London Stock Exchange welcomes Avast to the Main Market
London Stock Exchange today welcomes Avast, a leading global cybersecurity provider, to the Premium Segment of the Main Market. Raising $200 million in primary proceeds and $616.6 million in secondary proceeds, pre-greenshoe, with a valuation of $3.4 billion. Avast is the largest tech IPO across Europe in 2018 to date and one of the five largest tech IPOs of all time on London Stock Exchange.
To celebrate the listing and start of conditional trading, Vincent Steckler, CEO, Avast was welcomed by Tom Attenborough, Head of International Business Development, London Stock Exchange Group, to open trading this morning at London Stock Exchange.
Vincent Steckler, CEO, Avast:
"Today, Avast began trading on London Stock Exchange in what I am proud to say is the largest European tech IPO of the year. As the number of cyber threats around the world continues to dramatically increase, our focus on developing award-winning security products to help protect people's digital lives has enabled us to grow our business into the number one global consumer cybersecurity company, with more than 435 million users worldwide. This significant milestone for Avast will support our further growth as we begin the next chapter in the company's history."
Dr Robert Barnes, Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group:
"We are delighted to welcome Avast to open trading this morning. Its successful IPO confirms London's position as one of the world's leading international technology centres and underlines the exceptional investor appetite for dynamic tech companies listing in London. It also demonstrates London Stock Exchange's enduring ability to finance a variety of issuers from across the world, from a number of sectors, giving them access to London's deepest pool of international investor capital."
Avast is the global leader in the consumer cybersecurity market. Through our freemium distribution model, we have amassed the industry’s largest consumer user base, with over 435 million active monthly users of our products worldwide. Online consumer security is a large and growing market segment and at the core of what we do. We have continued to add products and services in adjacent and complementary markets, leveraging our security expertise to enter the SMB security market, the Smart Home market and to provide Family Safety services through partnerships with mobile carriers.
Over its 30-year history, Avast has maintained its roots in the Czech Republic, fuelled by a sense of fierce independence, a passion for protecting people’s right to security and privacy, and a strong engineering talent pool. Today, we have over 1,700 people in 25 locations around the world, and we maintain our engineering culture and our commitment to the people who rely on our products to keep them safe online.