A technology platform specialising in regulatory compliance will this week outline plans to join the London stock market in a welcome boost to the square mile.
Sky News understands that RTOP, which works with clients in the financial services sector, is to announce that it is pursuing a direct listing in London - a process which involves a company going public without issuing any new shares.
City sources said the listing was expected to value RTOP at about £60 million, and was being orchestrated by The AvantGarde Group, the Milan-based business which owns it.
RTOP owns a platform called Orbit Open, which helps clients comply with complex regulatory requirements.
It works with a number of large Italian banks, and hopes that a London listing will broaden its client base.
An announcement is expected as early as Tuesday.