Proof That Multi-Billion Tech IPOs Aren’t Just for the U.S.

Antivirus software group Avast plans to bring listing trend to London

Every company that gives away its product free is getting something in return.

This is true of Avast, a consumer cybersecurity company that plans to sell shares in London in May, joining the healthy wave of mainly U.S.-based technology initial public offerings, such as cloud-storage outfit Dropbox in March.

Avast could be valued at upward...