Private equity-backed Visma, owned in part by Hg Capital, has reportedly delayed its planned initial public offering in London until next year, according to a report by Bloomberg citing unnamed sources familiar with the matter.
The software group, which provides business solutions across Europe, had been preparing for a London listing in 2026, but volatile market conditions and investor caution in the tech sector are believed to have prompted the postponement. The IPO had been expected to mark a significant milestone for Hg’s investment, reflecting both the scale of Visma’s growth and ongoing demand for European enterprise software assets.
Hg has a history of backing software businesses and achieving liquidity through public listings or strategic sales. Observers note that the delay mirrors broader trends among PE-backed tech companies in Europe, where public market volatility and uncertainty around macroeconomic factors are leading sponsors to defer IPOs until conditions stabilise.
Neither Visma nor Hg Capital has reportedly commented on the timing of the listing.
