SUSE IPO disappoints
Summary
Swedish private equity firm EQT had high hopes for its SUSE IPO on the Frankfurt Stock Exchange, and set the European Linux and cloud powers IPO price at €30 per share. SUSE and its backers sold 37.8 million shares in the IPO, for €1.1 billion. SUSE itself continues to do well with reported revenue of $503 million for the 2020 financial year. Next, in 2014, Micro Focus purchased Attachmate and SUSE was spun off as an independent division. In late 2020, SUSE bought Rancher Labs in a major Kubernetes move.
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