Czech Republic-based security software maker AVG Technologies has shelved plans for its flotation in favour of trying to raise up to $300m in a bond, according to newswire Reuters.

Czech Republic-based security software maker AVG Technologies has shelved plans for its flotation in favour of trying to raise up to $300m in a bond, according to newswire Reuters.

Ashish Patel, a managing director and a member of the management review committee at Intel Capital, the in-house venture arm of the US-based chip maker, joined AVG last year.

Patel was previously a board member at AVG for three years on behalf of Intel Capital after the corporate venturer took…