Does the Nuremberg-based Linux software provider Suse have to be modest with its IPO or not?

The price is expected to be at the lower end of the subscription range, it said last Friday.

Up to 41.1 million shares should be issued at a price between 29 and 30 euros.

In this range, the issue including the reopening option is oversubscribed.

The official subscription range was up to 34 euros.

After the narrowing, the issue volume will be between 1.19 and 1.22 billion euros.

Between 540 and 560 million of this will flow into the company itself, which will use it to repay part of its debts.

The rest of the proceeds from the issue will go to the Swedish financial investor EQT, who bought Suse in 2018 for a good two billion euros.

The normal haggling

Obviously there is a lot of interest - but not at any price - the normal haggling.

At the lower end of the price range, the software company founded in 1992 has a market value of around five billion euros.

The shares can still be subscribed on Monday, on Wednesday Suse will celebrate his debut on the Frankfurt Stock Exchange.

Almost a quarter of the Suse shares should then be in free float.

Two anchor investors are buying in for 355 million euros: the US investor Capital Research and the Singapore sovereign wealth fund, GIC.

Rumors about Hgears

The euphoric mood for IPOs at the beginning of the year had recently subsided. The Suse emission can still be viewed as successful. According to the Bloomberg news agency, the transmission manufacturer Hgears is also said to have narrowed the price range to 25 to 27 euros for the. Originally this was between 23 and 31 euros. In the previous middle of the price range - with the narrowing, this is now the upper end - net proceeds of around 61 million euros were targeted for the offer of 2.4 million new shares from a capital increase. According to previous information, Hgears wants to start trading on the Frankfurt Stock Exchange on May 21.

Europe's largest laboratory chain Synlab, on the other hand, had to cut the issue volume and issue shares at the lower end of the range. And the online car dealer MeinAuto even canceled its issue on Tuesday at the last minute, justifying this with the fluctuations in the stock market, which raised fears that the share price would perform poorly after the debut.

“The reason for this is the currently unfavorable market conditions for high-growth companies,” MeinAuto announced on Tuesday last week. The decision was made jointly by the company and the British financial investor Hg. MeinAuto and Hg continued to aim for an IPO "as soon as market conditions normalize". The company had targeted May 12th as the first day of trading on the Frankfurt Stock Exchange. A market capitalization of 1.2 to 1.5 billion euros was planned.