German software company TeamViewer entered the Frankfurt Stock Exchange on Wednesday. The subscription price of the shares was set at 26.25 EUR, which valued the company at 5.25 billion EUR. According to information published by Reuters to be the largest IPO in Europe.
TeamViewer has grown from a small IT company into a big world player. Currently offers software for remote management of computers, mobile devices and video conferencing. Its tool has been installed on more than two million devices worldwide.
This is a relatively non-standard entry into the capital market, as the shares were listed on the German stock exchange, where automotive and industrial companies predominate. AP even said it was the biggest IPO of a german technology company since the beginning of the second millennium, when it was hit by the “dot-com bubble”.
The company was founded in 2005 and now currently employs around 800 people in Europe, USA and Asia. TeamViewer is currently investing in digital production and more and more people are already working from home. In 2014, the company was bought by the investment group Permira, which sold a 42% stake during the IPO and retained the remaining 58%, resulting in 2.21 billion EUR.