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TeamViewer‘s IPO: Is Permira bringing a tech star to the German stock market?

Braun, Hendrik
(2020)

Files

HENDRIKBRAUN_11711801_2020.pdf
  • UCLouvain restricted access
  • Adobe PDF
  • 3.81 MB

Details

Supervisors
Grégoire, Philippe
Faculty
Louvain School of Management
Degree label
Master [120] en sciences de gestion
Abstract
This case study examines the IPO of software company TeamViewer, a provider of a cloud- based remote connectivity platform. In 2014 private equity firm Permira had bought TeamViewer and was listing the already profitable company on the Frankfurt Stock Exchange five years later. This partial exit was conducted after a wave of high valuation tech IPOs in the US while the German market had been experiencing an IPO drought. This thesis explores Permira’s motivation as well as strategic and financial dimensions of an IPO, in the context of share pricing.