TeamViewer Stock Price: A Major Milestone in the Company's Growth Strategy

The German-based global connectivity platform, TeamViewer AG, has made a significant move by publishing its prospectus for an initial public offering (IPO) of its shares on the regulated market segment of the Frankfurt Stock Exchange. This marks a major milestone in the company's growth strategy, which is built around expanding use cases, customer segments, and global reach.

According to the prospectus, the IPO will comprise three components: the expected free float would range from 30% to 42%, implying a total market capitalization of between EUR 4.7 billion and EUR 5.5 billion. The total offer volume ranges between EUR 1.41 billion and EUR 2.31 billion, depending on the final number of shares placed and the issue price.

The offer will consist of up to 84 million existing shares from the holdings of the current owner, assuming full exercise of the Upsize Option and Greenshoe Option. TeamViewer shares are expected to be offered within a price range of EUR 23.50 to EUR 27.50 per share. The first day of trading for TeamViewer shares is planned for September 25, 2019.

Oliver Steil, CEO of TeamViewer, expressed his excitement about the positive feedback received on the company's unique business profile and growth prospects. The IPO process is expected to begin on September 12, 2019, and end on September 24, 2019.

The IPO marks a significant step in TeamViewer's journey towards becoming a publicly traded company. With its global connectivity platform, the company has established itself as a leading player in the market. The proceeds from the IPO will be used to further expand the company's operations and growth strategy.

TeamViewer's IPO is set to create a buzz in the financial markets, with investors eager to get a piece of the action. As the company continues its growth trajectory, it is expected to make significant contributions to the German economy and beyond.

In conclusion, TeamViewer's stock price has reached a major milestone with the publication of its prospectus for an initial public offering (IPO). The IPO offers an exciting opportunity for investors to get in on the ground floor of this rapidly growing company. With its unique business profile and growth prospects, TeamViewer is poised for a successful listing on the Frankfurt Stock Exchange.

Teamviewer stock price