
The targeted free float is expected to create a liquid market for the company's shares. The offering would comprise a public offer to individual and institutional investors in Germany and to institutional investors in certain other jurisdictions. 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.
Göppingen, August 28 th, 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).
Intended listing on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. Offering of existing shares expected to be completed by end of 2019, subject to market conditions. Fully subscription-based business model with a unique profile combining dynamic growth and high profitability accelerated billings growth of 37% in H1 2019 and Cash EBITDA margin of 52%. from ~EUR10 billion in 2018 to ~EUR30 billion in 2023 supported by global megatrends Total addressable market expected to grow by 24% p.a. 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. TeamViewer plans its Initial Public Offering NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.