28 Aug 2019

TeamViewer plans its Initial Public Offering

  • A leading global connectivity platform connecting anyone, anything, anytime, anywhere – active on more than 340 million devices annually with more than 2 billion installations since 2005
  • Offering of existing shares expected to be completed by end of 2019, subject to market conditions
  • Intended listing on the regulated market (Prime Standard) of the Frankfurt Stock Exchange

Göppingen, August 28th, 2019 – TeamViewer (currently registered as Regit Beteiligungs-GmbH), a leading global connectivity platform, together with its owner TigerLuxOne S.à r.l., a holding company majority owned by funds advised by global private equity firm Permira, intends to list its shares on the regulated market of the Frankfurt Stock Exchange (Prime Standard). The initial public offering (“IPO”) and listing of TeamViewer’s shares (after conversion into a stock corporation (AG) with the legal name “TeamViewer AG”) is expected to be completed by the end of 2019, subject to market conditions, and is anticipated to consist of existing shares held by TigerLuxOne S.à r.l. only. The offering would comprise a public offer to individual and institutional investors in Germany and to institutional investors in certain other jurisdictions. The targeted free float is expected to create a liquid market for the company’s shares.

TeamViewer is a leading global connectivity platform with the mission to connect anyone, anything, anywhere and at anytime. Headquartered in Göppingen, Germany, the company has around 800 employees and operates globally with paying customers in approximately 180 countries and sales and R&D offices amongst others in the USA, Australia, Japan, India, China, Armenia and Singapore.

Supported by user innovation, TeamViewer aims to connect any computer, tablet, laptop, mobile device or IoT endpoint to allow remote control, management and interaction between devices. TeamViewer’s connectivity platform enables customers and users to unlock significant economic value as it allows them to develop new business models, increase process efficiency, reduce or replace on-site presence and manual intervention, improve product and service quality and promote connectivity and collaboration. These multiple benefits are mirrored in over 100 different use cases TeamViewer software is deployed for today with an average of 4.5 use cases per user, according to a recent analysis. TeamViewer’s solutions run on all major operating systems and all major devices – this leading interoperability addresses the heterogeneity of modern IT landscapes and thereby helps companies to overcome technological path-dependency.

Built on its strong global network of approximately 1,000 routers, TeamViewer is cloud-native, secure and highly scalable. To date, TeamViewer’s software has been activated on more than two billion devices, with more than 340 million of them active in 2018 and up to 45 million devices online concurrently.

See TeamViewer website for more information

 

TeamViewer plans its Initial Public Offering

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TeamViewer

Country: Germany

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