Misys in £5.5bn IPO

Misys, the banking software firm, is returning to the London Stock Exchange four years after it was bought by a private equity firm. The company aims to raise £500m at a price valuing it at £5.5bn.

Since delisting in 2012, Misys has restructured and merged with Turaz, the former risk management software division of Thomson Reuters.

In the year ended 31 May 2016, Misys generated revenue of €811.4m and Adjusted EBITDAC of €293.9m. ®