Its introductory price had valued the firm based in Goeppingen, Baden-Wuerttemberg at 5.25 billion euros. British private equity firm Permira, which bought Teamviewer in 2014 for around 870 million euros, made a hefty profit while selling off just 42 percent of the "unicorn" - the nickname for tech firms worth over one billion dollars before flotation. The initial public offering (IPO) outweighed that of Volkswagen's trucks unit Traton, which in June raised 1.6 billion euros for an 11.5 percent stake, and Italian payments company Nexi, which raised 2.1 billion in April. Teamviewer was founded in 2005, by now boasting around 1.5 billion registrations worldwide for its software, which is mostly used as free versions.
Its introductory price had valued the firm based in Goeppingen, Baden-Wuerttemberg at 5.25 billion euros. British private equity firm Permira, which bought Teamviewer in 2014 for around 870 million euros, made a hefty profit while selling off just 42 percent of the "unicorn" - the nickname for tech firms worth over one billion dollars before flotation. The initial public offering (IPO) outweighed that of Volkswagen's trucks unit Traton, which in June raised 1.6 billion euros for an 11.5 percent stake, and Italian payments company Nexi, which raised 2.1 billion in April. Teamviewer was founded in 2005, by now boasting around 1.5 billion registrations worldwide for its software, which is mostly used as free versions.