DGAP-News

SUSE S.A. sets final offer price for IPO at €30 per share - Seite 2

Melissa Di Donato, CEO of SUSE, said: "The IPO is an important strategic milestone for SUSE. Not only does it give us long-term financial and strategic flexibility, but it also allows us to continue to control our own destiny in the pursuit of organic and inorganic growth. I am thrilled about the opportunities we have ahead and the value we can create for our customers, our employees, and our shareholders. Therefore, I have decided to invest more than 80% of my net proceeds, which have been disclosed in the prospectus, in the IPO. I am excited to continue leading SUSE to realize its long-term potential, while also supporting the Company as a significant shareholder."

Johannes Reichel, Partner at EQT Partners, said: "We're delighted by the investor response to the offering, which is a testament to SUSE's differentiated position and long-term potential. SUSE is uniquely positioned to benefit as global digitalisation gathers pace. We look forward to continuing to work with Melissa and her entire team to further accelerate SUSE's growth over the coming years and would like to thank the entire SUSE team for the hard work to date."

The total offer amounts to 37.3 million shares, assuming full exercise of the Greenshoe Option. 18.3 million newly issued shares were placed reaching gross primary proceeds of approximately €0.5 billion. In addition, 14.2 million existing shares were placed from the holdings of the Selling Shareholder reaching gross secondary proceeds of approximately €0.4 billion. A Greenshoe Option for up to 4.8 million existing shares has been granted from the holdings of the Selling Shareholder. The Selling Shareholder has decided not to make use of an available Upsize Option, despite a significant oversubscription across the price range.

As part of the Offering, two Cornerstone Investors, funds managed and advised by Capital Research Global Investors and GIC Private Limited, will acquire shares with a combined aggregate value of €0.34 billion at the offer price. SUSE S.A. and the Selling Shareholder have agreed to a customary lock-up period of 180 days and participants of equity participation programs and a virtual stock option program are subject to a customary lock-up period of 12 months with regards to shares and options received under such programs, each following the first day of trading of the Company's shares on the Frankfurt Stock Exchange.