CAPTION: An employee of the newcomer Teamviewer wears the logo on his back. (picture alliance/ dpa)
The software company Teamviewer had a mixed IPO on Wednesday. After the owner of the company, the financial investor Permira, raised just over 2.2 billion euros with the sale of the shares, the share price decreased due to a weak market environment.
Nevertheless, Teamviewer is the largest tech IPO since the dot-com crash. The last one of this size was in spring 2000 when the IPO of chip manufacturer Infineon, which at the time belonged to the Siemens Group, brought in around 6 billion euros more.
CFO Stefan Gaiser said he was therefore satisfied despite the mixed start. "I am very satisfied with the whole process," he said. All proceeds from the issue will go to Permira. The financial investor bought Teamviewer in 2014 for 870 million euros and will still hold just under 60 percent of the shares.
Teamviewer hopes that the IPO will attract more attention - especially in the key account segment. The economic slowdown should have no effect on the software group, it said. Teamviewer has been able to appeal to future shareholders by showing good growth prospects. According to its stock exchange prospectus, it expects to see growth in invoiced sales of up to 39 percent to 320 million euros this year at best.
According to the company, no dividends are planned for the current and coming year.
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