Possibility of AVG IPO Raised by Enterprise Investors

Late last week Polish investment firm Enterprise Investors raised the possibility that AVG, the Czech security software firm in which EI is the largest shareholder, could be listed on the Warsaw bourse next year. Citing AVG’s importance to the CEE region, EI’s Dariusz Pronczuk indicated the firm’s desire to have the company listed on a local stock exchange. Should the plans come to fruition, AVG could possibly be the largest IT Company on the Warsaw Stock Exchange while also being listed on either the New York or London Stock Exchange.

The offering could net AVG as much as USD 358.4 million if the company is able to realize acquisition goals prior to the fall 2010 IPO. AVG currently has no outstanding loan debts and continues to increase annual revenues. In 2008 the company earned USD 142 million compared to USD 80 million in 2007; an increase of 77.5%. Market analysts predict that with AVG’s good health and continued strong performance the company should have no difficulty realizing a successful IPO.

AVG Technologies (www.avg.com)
AVG is a security software firm headquartered in Brno, Czech Republic, employing 400 people throughout offices on five continents. The firm, best known for its AVG antivirus package, develops and distributes a full array of business and consumer security software solutions. AVG claims more than 80 million users worldwide on the Windows, Mac, Linux, and FreeBSD platforms.