Alfa float could be largest tech listing in two years

Alfa float could be largest tech listing in two years

Alfa Financial Software has announced its intention to float on the London Stock Exchange which could mark the largest UK tech floatation in almost two years.

Alfa Financial Software is the developer of Alfa Systems, a leading, mission-critical software platform purpose-built for asset finance enterprises globally. 

The company has developed its own purpose-built software in a bid to meet the current and future needs of the global asset finance industry and works with the likes of Bank of America, Barclays, Mercedes-Benz and Nordea.

If it goes ahead, the listing will make Alfa the largest tech group to join the London Stock Exchange since cyber security group Sophos joined back in July 2015.

Andrew Denton, chief executive of Alfa, said: "We are very excited about the next stage in the development of Alfa, and believe we have all the necessary attributes to succeed as a listed business." 

"We have built long term, trusted relationships with our customers and continue to help them address the challenges they face in an increasingly regulated and changing market.  

“We have broadened our blue-chip customer base and worked closely with them to develop a world-class technology platform.

"The asset finance market offers us huge growth opportunities. We have a track record of strong returns and an IPO of Alfa will assist us in continuing the momentum of the business in the years ahead."

Alfa was founded in 1990 and has its headquarters in London. It had more than 250 employees at 31 December 2016, working with customers across 18 countries, with other offices in Detroit, Los Angeles and Auckland.