Visma AS, a software company backed by Hg, has postponed its initial public offering until 2027, Bloomberg reported on Friday. The firm had previously slated a listing for early 2026 but altered that timetable, moving the target to October after a broad selloff in technology stocks tied to concerns around artificial intelligence.
According to the report, Visma is now unlikely to proceed with an IPO this year. Earlier coverage in January indicated that Visma had provisionally chosen London as a listing venue, but that decision was put on hold amid a wider market selloff. Company backers and shareholders are said to be weighing options while monitoring market conditions.
Sources cited in media coverage have suggested that Visma may still permit existing shareholders to reduce their holdings through a secondary share sale rather than a full public flotation at this time. That route would allow some liquidity for current investors without launching a primary public offering.
Sky News first reported the decision to delay Visma’s listing plans. Market observers had expected the IPO to rank among the largest European deals of the year and to serve as an important signal for London’s IPO market, which has faced a long-running dearth of new listings.
The postponement follows the technology sector selloff that disrupted earlier timelines. Visma’s movement of its target date from early 2026 to October, and now beyond that, underscores the company’s sensitivity to prevailing equity market sentiment. While the company and its advisers assess timing, the previous ambition for the IPO to lead a comeback in London’s listing pipeline appears to be on hold.
Key context:
- Visma had shifted an original early-2026 IPO plan to October before deciding to delay further.
- The company had provisionally selected London as a potential listing venue but paused the listing amid a broader market selloff.
- Visma may permit a secondary share sale to allow shareholders to sell down holdings as an alternative to a full IPO.