TeamViewer prices IPO but political volatility dents debut

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By Sam Kerr
25 Sep 2019

TeamViewer, the German remote access software company, has begun trading in Frankfurt after pricing its €2.3bn IPO. But the stock price suffered on its debut as global markets were battered by political volatility, after US Democrats began an impeachment inquiry against president Donald Trump, and the UK Supreme Court ruled prime minister Boris Johnson had broken the law.

Goldman Sachs and Morgan Stanley are the global coordinators on the deal. Bank of America Merrill Lynch and Barclays are bookrunners, and RBC Capital Markets is a co-lead manager.

The final message before the deal was priced, at 2pm UK time on Tuesday, was that orders limited below €26.25 risked missing out ...

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