Misys logoMisys is planning another initial public offering (IPO), following last year’s cancellation, according to the Daily Telegraph.

As Banking Technology reported in October, Misys had planned a £5.5 billion float but this didn’t go smoothly as planned with its value cut by 20%. At the time it said it “decided not to proceed… at the current time due to market conditions”.

Now advisers to the company are understood to be readying a potential comeback bid that may target an expected window for new listings between Easter and the summer holidays, according to the Daily Telegraph.

Misys currently resides in the hands of US-based Vista Equity Partners. Vista cut £1 billion from its expectations of £5.5 billion based on investor scepticism over the vendor’s growth prospects.

City sources in London that spoke to the Daily Telegraph say the vendor is “undeterred by an 11th-hour failure last October”. However, “no final decisions have been taken and no formal processes are under way”.

@banking
techno