The owner of Avast Software has chosen Morgan Stanley and UBS to list the antivirus software business in a multi-million dollar initial public offering in London, sources familiar with the matter said.

The banks and CVC Capital Partners, which took control of the Prague-based company in 2014 in a deal which valued the company at $1 billion, declined to comment.

Avast’s IPO would be the largest ever British technology IPO if it goes ahead. However, it would have to contend with a tough market, which has seen several planned London listings pulled in late 2017.

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