Software company Misys abandons IPO plans

LONDON (Reuters) – Software company Misys said on Thursday that it will not proceed with its plans to list on the London stock market at this time, adding to a run of aborted listing attempts in recent weeks.
The company said earlier this month that it had hoped to raise around 500 million pounds from its initial public offering, and had been working on building its books for more than a week.
“Despite encouraging institutional support Misys Group Limited has decided not to proceed