Shares of TeamViewer crashes after IPO debut

teamviewer

The shares of German software company TeamViewer traded flat on their first day of trading as the company debut on the Frankfurt Stock Exchange.

The initial public offering of TeamViewer is Europe’s biggest stock market debut this year.

According to data compiled by Reuters, shares opened at 26.25 euros, which was also the final subscription price the company revealed late on Tuesday, and stood at 25.45 euros at 0729 GMT.

Private equity investor Permira sold a 42% stake in the connectivity specialist, raising 2.21 billion euros