Teamviewer Net Worth: TeamViewer is a remote assistance and collaboration tool that leverages cloud-based technology to provide online remote help and collaboration to users across the world. Businesses and people that want to succeed today and in the future will need remote desktop assistance, remote access, and online collaboration in order to be able to interact with customers and partners across the globe. TeamViewer is at the forefront of this technological advancement.
A total market capitalization of between 4.7 billion and 5.5 billion euros is represented by the pricing range, with the free-float ranging from 30 percent to 42 percent of the company’s shares depending on the overall offer size, according to TeamViewer.
The offer period will run from September 12 through September 24, with the first day of trading scheduled for September 25.
TeamViewer, a German software business, established the price range for its planned listing on the Frankfurt stock market on Wednesday, valuing the company at up to 5.5 billion euros ($6.05 billion), making it one of the biggest initial public offerings (IPOs) in Europe this year.
Founded in 2003, TeamViewer is a provider of software for online meetings and remote desktop access, with more than 20 million support sessions taking place on its platform each day. TeamViewer, in contrast to many other technology businesses that are going public, is already profitable.
Following a steady stream of initial public offerings (IPOs) in 2018, the number of IPOs in Germany has dropped in 2019, with Volkswagen truck subsidiary Traton being the only significant Frankfurt IPO https://tmsnrt.rs/2JdLpxr of the year.
After purchasing TeamViewer for 870 million euros in 2014, Permira’s Germany president, Joerg Rockenhaeuser, said that the investor intended to continue to have a significant stake in the company after its initial public offering (IPO).
According to TeamViewer, its addressable market, which is presently worth 10 billion euros, will expand to 30 billion euros by 2023, as firms engage in digitally managing their manufacturing machinery and the trend of workers working from home continues to grow in popularity.
Zoom Video Communications Inc., Okta Inc., and Slack Technologies Inc. are among the companies that have gone public on the New York Stock Exchange, each of which was valued at more than 50 times its annual sales when it went public in June.
Goldman Sachs and Morgan Stanley are coordinating the IPO with the assistance of Bank of America, Barclays, and RBC Capital Markets, while Lilja & Co is serving as the so-called IPO consultant to the company. (One dollar is equal to 0.9083 euros.)
They think that when people get together, beautiful things can happen, and they believe that technology should make this feasible for them to do from anywhere in the globe. It should serve as a catalyst for the promotion and amplification of people’s ideas, as well as their capacity to solve problems and conquer obstacles.
Thousands of people have utilised TeamViewer technology in billions of occasions when distance and time would have otherwise prohibited them from achieving their objectives.