Teamviewer Net Worth | To deliver online remote support and collaboration to users across the globe, TeamViewer uses cloud-based technologies. To communicate with consumers and partners worldwide, businesses and individuals will require remote desktop help, remote access, and online collaboration. When it comes to technical progress, TeamViewer is at the fore.
TeamViewer, an online conference and remote desktop access software company, was founded in 2003 and hosts over 20 million support sessions every day. To put it another way, TeamViewer is already lucrative when it comes to going public.
Bank of America, Barclays, and RBC Capital Markets are assisting Goldman Sachs and Morgan Stanley with the IPO, while Lilja & Co. is acting as the company’s “IPO consultant.” For reference, one US dollar is equivalent to 0.9083 euro.
For them, getting together and creating beautiful things is possible no matter where you are in the world because of the advances in technology. Ideally, it will act as a catalyst for promoting and expanding people’s ideas and abilities to solve issues and overcome challenges.
There have been billions of times when distance and time have prevented individuals from attaining their goals without using TeamViewer technology from thousands of people. As opposed to 2018, when there was a regular stream of IPOs, the number of IPOs in Germany in 2019 has decreased. The only big Frankfurt IPO of the year was the Volkswagen truck subsidiary Traton.
When Permira Germany president Joerg Rockenhaeuser bought TeamViewer for 870 million euros in 2014, he claimed the investor expected to keep a sizable interest in the firm following its initial public offering (IPO) (IPO).
In 2023, the addressable market for TeamViewer, which is now worth 10 billion euros, is expected to increase to 30 billion euros, as companies increasingly use digital technology to manage their production equipment and as working from home becomes more common.
Each company was valued at more than 50 times its annual revenues when it went public in June and went public with Zoom Video Communications Inc., Okta Inc., and Slack Technologies Inc.
If the whole offer is large enough, TeamViewer estimates that the firm’s market valuation will be in the range of €4.7 billion to €5.5 billion, with free float ranging from 30% to 42% of the shares.
With trading beginning on September 25, the offer period will last from September 12 to September 24.
This year’s largest IPO in Europe is TeamViewer. This German software firm set the price range for its anticipated Frankfurt stock market listing on Wednesday, getting the company at up to 5.5 billion euros ($6.05 billion).