![]() I already explained the background of the deals and gave my opinion ( see here ). The EBITDA margin is expected to decline from 56 percent to 49-51 percent in 2021 due to these deals. TeamViewer has announced that it will sponsor the Manchester United soccer club and the Mercedes Formula 1 team. Furthermore, two rather expensive marketing deals have caused doubts among investors. Firstly, the share already consolidated due to the fear of inflation and rising interest rates. TeamViewer stock has been a bit shaky lately. But for long-term investors, this opens up another opportunity to gradually buy shares in an excellent company at a fair price. I cannot say how long it will take the market to realize that it is overreacting. In my view, we see a classic market overreaction. At the time as I write this article, the share is down more than 10 percent. With the announcement of the quarterly figures, the TeamViewer ( OTCPK:TMVWY) ( OTCPK:TMVWF) share fell sharply. is acting as the independent adviser to the shareholder and TeamViewer.Photo by NanoStockk/iStock via Getty Images RBC Capital Markets is acting as Co-Lead Manager. BofA Merrill Lynch and Barclays have been mandated as Joint Bookrunners. Goldman Sachs International and Morgan Stanley are acting as Joint Global Coordinators and Joint Bookrunners. The settlement and completion of the offering is planned for 27 September 2019. TeamViewer’s trading symbol is TMV, the German securities code (WKN) A2YN90, and the international securities identification number (ISIN) DE000A2YN900. ![]() We are convinced that TeamViewer is very well positioned as leading global connectivity platform and the Permira Funds will continue to back the company as a major shareholder.” ![]() TeamViewer combines all these elements which explains this success story ‘made in Germany’. Such a success does not happen by accident but needs certain ingredients: an excellent and differentiated product or service, an entrepreneurial and committed team and a world class leadership with operational know-how and a strong vision. “The whole TeamViewer team can be very proud of what they have achieved. Jörg Rockenhäuser, Head of DACH at Permira, said: About 300 employees from various locations including Göppingen will celebrate the first trading of the shares at the Frankfurt Stock Exchange. TeamViewer's shares are expected to be trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from 25 September 2019. Backed by this tailwind, we are set to continue our journey and to best serve our customers with innovative use cases to connect anyone, anything, anywhere, anytime.” We are excited to further strengthen our position as a leading global connectivity platform. “The strong interest of investors in our IPO is a great endorsement of our work. Upon completion of the offering and assuming full exercise of the greenshoe option, the Selling Shareholder will continue to hold 58.0% of the shares in the Company and the expected free float will amount to 42.0%. Assuming full exercise of the greenshoe option, the total offer volume amounts to circa EUR 2.21 billion and to a total market capitalization of TeamViewer of EUR 5.25 billion, in each case based on the final offer price. In total, 84,000,000 ordinary bearer shares with no par value from the holdings of the Selling Shareholder are being placed with investors (including upsize option and greenshoe option). (the “Selling Shareholder”), a holding company majority owned by funds advised by global private equity firm Permira. ![]() Göppingen, September 24th, 2019 – The final offer price for the shares in TeamViewer AG was today set at EUR 26.25 per share by the company’s current owner, Tiger LuxOne S.à r.l. First day of trading on Septemon the Frankfurt Stock Exchange.Current shareholder continues to hold 58.0% of shares, if greenshoe option is fully exercised.Expected free float 42.0%, if greenshoe option is fully exercised.Total market capitalization of EUR 5.25 billion.Total offer volume of circa EUR 2.21 billion (including upsize option and greenshoe option). ![]()
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