Ocado Chair Adam Warby Joins Visma Board Ahead of Potential €20bn London IPO
Adam Warby, chair of Ocado, is set to become a non-executive director at Visma as the Norwegian software group prepares for a potential initial public offering (IPO) in London. The planned flotation could take place as soon as the end of the first quarter of 2026, with a valuation expected to exceed €20 billion, depending on market conditions and the amount of funds raised.
Sir Ron Kalifa is expected to take on the role of Visma chairman to oversee the IPO process. Visma serves more than one million small business customers by providing accounting, payroll, HR, and other software solutions. Its growth strategy has been driven by both acquisitions and organic expansion.
Visma's ownership includes sovereign wealth funds and private equity firms such as Hg Capital. Notably, the company's decision to list in the UK rather than on Amsterdam's Euronext contrasts with choices made by other issuers, including CVC Capital Partners.
