Nelson-based telecoms group Daisy has demerged its cloud business into a separate company with a £1bn valuation and an eye to flotation on the London Stock Exchange.
The IPO route Digital Wholesale Solutions (DWS) is looking to take is set to become one taken by a growing number of North West tech businesses, according to market watchers.
And there are predictions that competition for investment is set to intensify as UK IPO activity is expected to surge this year.
Daisy group founder Matthew Riley agreed the sale of a stake in DWS to private equity fund Inflexion in January.
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