UK’s largest tech IPO to date?

The cyber security firm Sophos, today announced plans to IPO on the London Stock Exchange in early July where it will join the FTSE250.

The Oxford-based company is being floated by its private equity owner, Apax, which paid £372m for a 70 per cent stake in Sophos five years ago.  Sophos is planning to raise £100m from a float that could value the business at £1bn.

The whole of the UK tech industry will benefit as a result.  Read more.