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EQT Said to Plan IPO of $6 Billion Software Developer SUSE

  • German company joins slew of technology listings in pipeline
  • EQT bought open-source software developer under 2 years ago
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EQT AB is planning an initial public offering of German enterprise software developer SUSE, according to people familiar with the matter.

The private equity firm is speaking to potential advisers about the possibility of listing SUSE as soon as next year, the people said, asking not to be identified because the information is private. It could seek a valuation of about 5 billion euros ($5.9 billion) for the open-source software firm, according to the people.