Autonomy on course for FTSE 100 with UK listing

Shares in Autonomy's UK listing have been oversubscribed four times as the company heads for what is certain to be membership of the FTSE 100.

NEWS Bookbuilding for the offer of 6.6 million shares closes at 17:00 (GMT) today. The secondary offering is the company's ticket to a full listing on the London Stock Exchange where it is likely to show a capitalisation of over $6bn. Autonomy is already listed on the Nasdaq and Easdaq exchanges. No new shares have been issued. The majority of shares on offer are being sold by venture capitalists Apax Partners, but some senior managers will sell a small number of shares. Autonomy has a unique pattern recognition system which can be used to organise large volumes of unstructured information such as e-mails.

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