Avast prices IPO for market cap of nearly GBP 2.4 billion

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(Telecompaper) Security software group Avast has priced its initial public offering of shares in London at GBP 2.50 per share. The company is selling a 25.3 percent stake, good for total proceeds of GBP 602 million (USD 816.6 million), giving it a market capitalisation of GBP 2.38 billion. 
Source: Industry News (syndicated from Telecompaper.com)

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