trending Market Intelligence /marketintelligence/en/news-insights/trending/s0SWGpoPdMXmfjMVe9F8Lw2 content esgSubNav
In This List

TeamViewer prices IPO in upper half of range, valuing company at €5.25B

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


TeamViewer prices IPO in upper half of range, valuing company at €5.25B

As expected, TeamViewer GmbH priced its initial public offering at €26.25 per share, valuing the German software company at €5.25 billion.

The IPO's final price is in the upper half of the projected per-share range of €23.50 to €27.50.

The offering involves 84 million ordinary shares held by TeamViewer's current owner, TigerLuxOne SARL, a holding company majority-owned by funds advised by private equity firm Permira Advisers Ltd. The number of shares is equivalent to a 42% stake.

Assuming the greenshoe option is fully exercised, TeamViewer expects gross proceeds of about €2.21 billion. TigerLuxOne would retain a 58% holding in TeamViewer.

TeamViewer's shares will begin trading Sept. 25 on the Frankfurt Stock Exchange under trading symbol TMV. The IPO's settlement and completion are expected Sept. 27.