Misys remained tight-lipped amid talk over the weekend of a possible listing that would revoke memories of being the darling of the dotcom bubble in the 1990s.
Now owned by American buyout firm Vista Equity Partners, the banking software developer is reported to be in line to raise £5.5bn from the listing. This would net its owners a bumper return after it paid £1.3bn for the firm just four years ago.
Vista has reportedly chosen a London listing over New York and although the valuation would represent a considerable multiple to annual earnings of £300m, it is not out of kilter with some of its tech peers.
Misys has been the subject of M&A speculation for some time after it was reportedly put up for sale in September 2014. Other subsequent suitors include the Singapore sovereign wealth fund and Omers, a Canadian pension fund.