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Avast plc, also known as Avast Software s.r.o., is a Czech cybersecurity software company that was founded in 1988. Avast was founded by Pavel Baudiš and Eduard Kučera as a cooperative, and became a private company in 2010. In addition to cybersecurity, the company also provides artificial intelligence and machine learning services. Avast plc was involved in a massive acquisition in 2016, purchasing competitor AVG Technologies for $1.3 billion. 29% of Avast plc is owned by CVC Capital Partners. AVST.L stock became available to the public in 2018, with a company valuation of over $3 billion. Avast plc is listed on the Prague and London stock exchanges, along with the FTSE 250 Index. Avast’s IPO was one of the largest in the tech industry in European history. Like many other tech IPOs, AVST.L stock declined on its first day of trading. Both private users and businesses enjoy Avast’s wide range of products. The company believes in providing non-business users with a freemium-style service, while businesses are offered annual payment plans. Avast plc products are usually praised by media outlets for their high standard and affordable prices. Avast plc and thousands of other stocks are waiting for you on the eToro platform. Start trading now.
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