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Alfa Financial Software Holdings Plc, a software firm which serves the financial services industry, has announced its intention to IPO in the UK next month.

The company is expected to be valued at £800m following the listing on the London Stock Exchange, making it the biggest listing in the UK for the past two years.

Founded in 1990, Alfa is HQ’ed in London and claims to employ more than 250 people.

The company also has offices in Detroit, Los Angeles, Auckland and has clients across 18 different countries.

Andrew Page, the executive chairman, said: “Alfa has established itself as a world class technology company with a market leading position in asset finance, which is a substantial global market with many structural growth drivers. Many promising growth opportunities have been identified which Alfa is uniquely placed to capitalise upon going forward.”

Alfa, which boasts the likes of Bank of America, Barclays, Mercedes-Benz and Nordea among its client base, is owned by majority shareholder CHP Software.

Andrew Denton, the chief executive said he was very excited about the next stage in the company’s development, noting he believed the firm had all the necessary attributes to survive as a listed business.

“We have built long term, trusted relationships with our customers and continue to help them address the challenges they face in an increasingly regulated and changing market. We have broadened our blue chip customer base and worked closely with them to develop a world-class technology platform.

“The asset finance market offers us huge growth opportunities. We have a track record of strong returns and an IPO of Alfa will assist us in continuing the momentum of the business in the years ahead,” Denton concluded.

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