Gloom for IPO hopefuls as investors jilt their darling TeamViewer

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Gloom for IPO hopefuls as investors jilt their darling TeamViewer

Sam Kerr
September 26, 2019 05:15 pm
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25 September 2019, Hessen: The logo of Teamviewer, a newcomer to the stock exchange, is attached to the stock exchange. The IPO of the software manufacturer Teamviewer is the largest IPO of a technology company since the dotcom bubble burst. The Göppingen-based software company has collected 2.2 billion euros. Photo: Andreas Arnold/dpa | Andreas Arnold/DPA/PA Images

The fragility of Europe's IPO market was hammered home again this week when software company TeamViewer, widely seen as the hottest flotation of the year, whose bookbuild had run according to the textbook, had the legs kicked from under it on its first day of trading after US and UK political shenanigans unnerved investors. Sam Kerr reports.

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Equity IPOsGermanyEquityEuropeEMEA
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Sam Kerr
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