Norway’s €19bn software company Visma picks London for IPO

Visma’s HQ in Oslo. The company is thought to have picked London because of its deep capital markets and the presence of more investors who focus solely on buying UK stocks Photograph: Visma

The €19bn Norwegian software company Visma has picked London over Amsterdam for its planned flotation next year, giving a much-needed boost to the London stock market.

The company, which makes accounting, payroll and HR software products for 2.1 million customers across Northern Europe and Latin America, has yet to make a final decision but London is the frontrunner, it is understood.