Linux software giant SUSE files for an IPO in Europe

Linux software giant SUSE files for an IPO in Europe

Open-source enterprise software company SUSE Group is readying itself for an initial public offering in Europe in the summer as it seeks new backing to try to achieve its ambitious revenue goals.

The IPO, which has been in the works for some time, could be worth as much as 7 billion to 8 billion euros ($8.3 billion to $9.5 billion), sources told Reuters Wednesday.

SUSE, based in Germany, is the maker of a popular enterprise Linux…

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