SoftwareONE announces 2019 IPO on SIX Swiss Exchange
Summary
The company, with 5,300 employees, is expected to be valued at several billion Swiss francs, Reuters reported previously. Headquartered in Stans, Switzerland, SoftwareONE helps companies manage an estimated 10 billion euros ($10.94 billion)in software purchases from vendors such as Microsoft (MSFT.O), Adobe (ADBE.O) and IBM (IBM.N). “SoftwareONE is well placed to further capitalise on the ongoing digital transformation trend and underlying market growth,” it said in a statement. The IPO consists of secondary shares, with the firm’s founders retaining the largest stake and financial investor KKR (KKR.N), which bought a 25% stake in 2015, retaining “significant interest”. SoftwareONE said founding shareholders including Chairman Daniel von Stockar and KKR, will remain represented on the board of directors.
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