Alfa Lists on London Stock Exchange in 2017’s Largest IPO
Alfa, the number one software choice for asset finance companies worldwide, was admitted to trading on the London Stock Exchange, making it London’s largest IPO this year.
Alfa entered the market for conditional dealing on Friday 26 May and saw its shares soar more than 30% on debut, from 325p to 430p per share, pushing its valuation above £1bn.
Hear from Andrew Denton
The CEO of Alfa, said:
“Joining the London Stock Exchange is a positive move for everyone at Alfa and anyone associated with us. We have built a business that is predicated not just on industry-leading technology, but also through a thorough understanding of our markets and deep relationships with blue-chip organisations across the globe. Our listing raises our profile, provides us with great opportunities for growth, and will help secure our corporate future.
“We have chosen this path because it’s the right direction for the business, and reflects our confidence in Alfa’s long-term prospects. The management remain majority shareholders, and we look forward to providing continued success for our valued clients.”
The company has also launched an investors microsite to reflect its new status as a PLC.