For a long time it was just rumours, now it’s official: SUSE wants to go public this year.
SUSE is to be listed on the Frankfurt Stock Exchange from the second quarter of 2021 be represented. The software provider announced this today after long speculation about a possible IPO. The company intends to raise around 500 million US dollars or 420 million euros from the newly created shares.
In 2019, the investor EQT took over the software provider from Micro Focus. Since then, SUSE has experienced significant year-on-year growth, both in revenue and customer base. The latter are mostly companies with long-term contracts. The takeover of Rancher has turned out to be particularly promising, according to SUSE in the announcement of the planned IPO.
There have been rumors about this step by the company for a long time, and recently it did not want to explicitly rule it out. Since 1992, SUSE has primarily offered open source software, in particular the Linux distribution for servers SLES and many infrastructure products for corporate use. The head office is – again since 2011 – in Nuremberg, CEO since 2019 is Melissa Di Donato. The manager commented on the IPO as the beginning of a new chapter for SUSE.