Ocado Chair Adam Warby Joins Visma Board Ahead of €20bn London Flotation
Ocado chair Adam Warby is set to become a non-executive director of Visma ahead of the Norwegian accounting, payroll, and HR software group’s planned London Initial Public Offering (IPO). The flotation is expected to value Visma at well over €20 billion. Sir Ron Kalifa is anticipated to serve as Visma's chairman to oversee the listing process. The timing of the IPO could be by the end of the first quarter of 2026, subject to market conditions.
Visma is currently owned by a syndicate of sovereign wealth funds and private equity firms, including Hg. The decision to list in London rather than Amsterdam or Euronext demonstrates a preference for the London market conditions. A successful listing would provide a major boost to London’s stock exchange.
Visma serves more than one million small-business customers, illustrating its significant presence in the software market. The report date for this information is 18 December 2025.
