Tech firm Softcat to IPO on the London Stock Exchange

Jessica Morris
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Softcat expects to be included in the Ftse (Source: Getty)

A leading UK IT infrastructure and services provider, Softcat, has announced its intention to float on the London Stock Exchange next month.

After its admission, the Buckinghamshire-based company expects to be eligible for inclusion in the FTSE at the quarterly review in March.

The offer will consist of a sale of shares currently held by founders of Softcat. Senior members of management the team and certain current and former employees of the company will not receive any of proceeds of global offer.

Credit Suisse and Jefferies International are acting as joint sponsors, joint global co-ordinators and joint bookrunners.

Softcat joins a whole host of companies who have rushed to list in London after the Conservatives' surprise win in the General Election, including shares registrar Equiniti and retirement housebuilder McCarthy & Stone.

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