When Norwegian IT services company EVRY IPO'd in June, the market viewed the company with skepticism. EVRY was brought to market by Apax, the private equity firm after being taken private in 2014.
See also: Hidden Value Stocks
Before being taken private, EVRY was struggling. The company had great products and a high market share but was predominantly government-owned, and management had no incentive to make the business as good as it could be.
When the company was taken private in 2014, the government sold its 75% shareholding, allowing Apex to get on with the job of turning the business around. After only 18 months in private hands, public investors do not believe that EVRY's problems could have been solved that quickly,...
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