Enterprise software company SUSE is guiding investors to expect its Frankfurt initial public offering to price at 30 euros ($36.49) a share, towards the lower end of its 29 to 34 euros per share marketing range, a bookrunner on the deal said.
SUSE, whose open-source software helps run applications on cloud servers, mainframe computers and devices at the edges of networks, is slated to see its shares debut on the Frankfurt stock exchange on Wednesday.
SUSE’s owner EQT is offering 14.2 million shares, waiving an upsize option. Including new shares, 37.8 million shares for 1.1 billion euros…
