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9/30, 8:36 AM (Source: TeleTrader)
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SoftwareONE announces IPO

Swiss software company SoftwareONE on Monday announced it is planning an initial public offering (IPO). Its shares listing will take place on the SIX Swiss Exchange this year and it will be formed of secondary shares. The founding shareholders will maintain the largest stake.

SoftwareONE is a company that has 5,500 employees. Financial investor KKR acquired a 25% stake in the company in 2015 and will be represented on the board of directors. According to reports, the company is valued at several billion Swiss francs.

Bookrunners are Credit Suisse, JP Morgan and UBS while joint bookrunners are BNP Paribas, Citi, Deutsche Bank, Unicredit and Zuercher Kantonalbank. As per financial advisors, the company chose Rothschild & Co.

Breaking the News / TF