First mid-cap tech float for 19 months

Asset management software supplier Alfa could soon join the FTSE 250 index
Thursday 18 May 2017 Author: Steven Frazer
A new software industry IPO (initial public offering) is on the cards with Alfa Financial Software set to float in June. Analysts speculate a market capitalisation of £800m or more. At that level the company would be catapulted into the FTSE 250 index at the following index reshuffle, with 23 FTSE 250 constituents currently trading at lower valuations. Founded by executive chairman Andrew Page in 1990, Alfa provides an...

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