On May 26, Alfa Financial Software Holdings successfully completed a $329m initial public offering in what is the largest tech listing on the London Stock Exchange since Worldpay Group raised $3.8bn in 2015.

As a trusted financial platform partner, Dealogic helped the bookrunners seamlessly execute the transaction through the DealManager network.

Transaction Details

Issuer: Alfa Financial Software Holdings

Nationality: United Kingdom

Industry: Technology

Deal Value ($m): $329m

Deal Type: IPO

Bookrunners: Barclays and Numis Securities

Key Points

• Largest technology sector IPO on the London Stock Exchange since Worldpay Group’s $3.8bn listing in October 2015
• Europe’s second largest technology IPO so far this year, behind Germany’s X-FAB Silicon Foundries’ $455m listing in Paris in April
• Global technology IPO volume totals $12.4bn so far this year, the highest YTD level since 2014 ($17.1bn). Deal activity, however, of 106 transactions is at a 15-year high (107 IPOs in 2002 YTD)

3 most recent tech IPOs on London Stock Exchange more than $300m

1. Alfa Financial Software Holdings, $329m | United Kingdom | May 2017
2. CMC Markets, $315m | United Kingdom | Feb 2016
3. Worldpay Group, $3.8bn | United Kingdom | Oct 2015

Top 3 IPOs on the London Stock Exchange in 2017 YTD

1. BioPharma Credit, $762m | United Kingdom | Mar 2017
2. Ocelot Partners, $418m | United Kingdom | Mar 2017
3. Alfa Financial Software Holdings, $329m | United Kingdom | May 2017