The US bank Goldman Sachs is offering around three million shares on behalf of a shareholder, as the Bloomberg news agency reported on Wednesday, citing documents available to it. This corresponds to almost two percent of all SUSE shares. The asking price for the shares is between 26 and 29 euros, the closing price in the main Xetra transaction on Wednesday. Last month, the SUSE price fell by almost a fifth in the wake of the bad mood among tech stocks.
Other investors were infected by the actions of the major shareholder on Wednesday. The price of the paper listed in the SDAX fell by three percent on the Tradegate trading platform in an initial reaction. SUSE was listed on the stock exchange by its owner, Swedish financial investor EQT, in May last year. The placement price was 30 euros each. Until the beginning of 2022, this was good business for investors, as the price climbed to almost 44 euros. Since then it’s been downhill.
The Swedish financial investor, which took over SUSE in 2018, recently held just over 76 percent of the company’s shares. According to a list by the Bloomberg news agency, the investment company Capital Group held a package of just over three million shares in addition to the owner and is therefore also a possible seller in the current placement. SUSE is currently valued at almost five billion euros on the stock exchange.
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