SoftwareONE announces partial exercise of over-allotment option in connection with IPO
STANS, Switzerland I 25 November 2019 – SoftwareONE Holding AG (SIX: SWON), a leading and fast-growing global provider of end-to-end software and cloud technology solutions, today announced that the joint global coordinators have partially exercised the over-allotment option granted in connection with its initial public offering (IPO) at the offer price of CHF 18.00 per share.
On 25 October 2019, the shares of SoftwareONE were listed and admitted to trading on SIX Swiss Exchange. On 22 November 2019 after market close, the joint global coordinators, acting on behalf of the joint bookrunners, have partially exercised the over-allotment option in the amount of 3,246,099 existing shares, offered by KKR and Raiffeisen Informatik (previously Peruni Holding).
Including the shares placed in connection with the over-allotment option, a total of 41,795,563 existing shares, offered by KKR, Raiffeisen Informatik, staff and other shareholders, were sold in the IPO. The total placement volume amounted to CHF 752 million.
As a result, the free float now amounts to 26.4%, excluding shares under lock-up. KKR and Raiffeisen Informatik now hold stakes of 14.8% and 7.9%, respectively. With 30.9%, the founding shareholders Daniel von Stockar, Beat Curti and René Gilli jointly retain the largest stake in SoftwareONE. Current and former staff hold 9.4%, the heirs of SoftwareONE co-founder Patrick Winter 7.8%, and treasury shares amount to 2.8%. SoftwareONE as well as all members of the Board of Directors and the Executive Board have committed to a lock-up period of twelve months from the first day of trading. The selling shareholders have agreed to a lock-up of six months following the first trading day.
Credit Suisse, J.P. Morgan and UBS Investment Bank acted as joint global coordinators and joint bookrunners of the IPO, while BNP Paribas, Citi, Deutsche Bank, UniCredit and Zürcher Kantonal-bank acted as joint bookrunners. Rothschild & Co acted as financial advisor to SoftwareONE. Information on stabilization transactions carried out by Credit Suisse as stabilization agent are available on www.softwareone.com/ipo-information.
Patrick Zuppiger, Chief Communications Officer
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SoftwareONE is a leading global provider of end-to-end software and cloud technology solutions, headquartered in Switzerland. With capabilities across the entire value chain, it helps companies design and implement their technology strategy, buy the right software and cloud solutions at the right price, and manage and optimize their software estate. Its offerings are connected by PyraCloud, SoftwareONE’s proprietary digital platform, that provides customers with data-driven, actionable intelligence. With around 5,300 employees and sales and service delivery capabilities in 90 countries, SoftwareONE provides around 65,000 business customers with software and cloud solutions from over 7,500 publishers. SoftwareONE’s shares (SWON) are listed on SIX Swiss Exchange. For more information, please visit SoftwareONE.com.
SoftwareONE Holding AG, Riedenmatt 4, CH-6370 Stans
This document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of the SIX Swiss Exchange AG or a prospectus under any other applicable laws. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any jurisdiction. A decision to invest in securities of SoftwareONE Holding AG should be based exclusively on the issue and listing prospectus published by SoftwareONE Holding AG for such purpose. Copies of such issue and listing prospectus (and any supplements thereto) are available free of charge from SoftwareONE Holding AG, Investor Relations, Bahnhofplatz 1d, 8304 Wallisellen, Switzerland (email: email@example.com), Credit Suisse AG, Zurich, Switzerland (email: firstname.lastname@example.org) and UBS AG, Swiss Prospectus Switzerland, P.O. Box, CH-8098 Zurich, Switzerland (voicemail: +41 44 239 4703); fax: +41 44 239 6914; email: email@example.com). Investors are furthermore advised to consult their bank or financial adviser before making any investment decision.
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