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KKR-backed software co files for US IPO

BMC Software, a specialist in tech support software backed by private investment major KKR, has filed for an initial public offering in the United States, according to a report by Bloomberg, with the company expected to be values at between $14 billion and $15 billion.

BMC Software (BMC), a specialist in tech support software backed by private investment major KKR, has filed for an initial public offering in the United States, according to a report by Bloomberg, with the company expected to be valued at between $14 billion and $15 billion.

KKR originally acquired BMC for $8.5 billion, including debt, in 2018.

News of BPC’s filing comes as the US IPO market begins to show some signs of recovery having been pretty much ‘on hold’ during 2022 with many startups choosing to postpone stock market floatations until investor appetite improved. According to data from Dealogic, last week was the busiest in terms of stock market listings in 15 months with five listings completed raising around $1.17 billion in proceeds, a sixfold increase from the previous week.
 

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