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U.K. Software Company Misys Plans $635 Million London IPO

  • Listing said to value firm at about 6 billion pounds with debt
  • Vista Equity acquired Misys in 2012 for 1.3 billion pounds
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Misys, the U.K. financial-software maker owned by Vista Equity Partners, plans to sell about 500 million pounds ($635 million) of stock in an initial public offering as the buyout firm prepares to cash out part of its 2012 investment in the company.

The IPO will give Misys a value of about 6 billion pounds including debt, people familiar with the matter said. The shares will begin trading on the London Stock Exchange in early November, the company said in a statement Thursday.