Tag Archives: IPO

(Reuters) – Web-hosting company GoDaddy Inc’s initial public offering is expected to value the company at up to $2.87 billion, and comes at a time when there has been a steep fall in the number of companies going public in the United States.

Including debt, the company could be valued at $4 billion.

The IPO market has had a slow start this year compared with 2014 when U.S. IPOs raised about $93 billion, the highest since 2000.

Only two technology companies have gone public this year including online data storage provider Box Inc (BOX.N), whose shares have dropped about 27 percent since the company’s market debut in January.

IPO analysts expect GoDaddy, which manages about a fifth of the world’s Internet domains, to fare better than Box due to demand for stock offerings from…

By Najiyya Budaly (January 27, 2023, 5:23 PM GMT) — Ionos Group SE is targeting a market capitalization of up to €3.15 billion ($3.4 billion) with an initial public offering in Germany, owners of the web hosting business said Friday, in a move that could revive Europe’s IPO market after Porsche AG’s flotation in September….

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BERLIN, Jan 27 (Reuters) – German web hosting firm IONOS targets a market capitalization of up to 3.14 billion euros ($3.41 billion) in its initial public offering, the first major European IPO since sports car maker Porsche (P911_p.DE) in September.

Owners United Internet and Warburg Pincus are offering investors shares in IONOS at 18.50 euros to 22.50 euros apiece, resulting in total proceeds of up to 543 million euros, majority owner United Internet said in a statement on Friday.

United Internet and minority partner Warburg Pincus are each offering 15% of their respective holdings. The free float, assuming placement of all offer shares, would be 17.3%.

“Depending on the final offer price and assuming placement of all offer shares, United Internet would receive gross proceeds of between…

BERLIN/FRANKFURT, Jan 17 (Reuters) – United Internet (UTDI.DE) subsidiary Ionos plans an initial public offering (IPO) this quarter with a Prime Standard listing on the Frankfurt Stock Exchange, the web hosting company said on Tuesday.

The offered shares are expected to come from the holdings of the subsidiary’s two existing shareholders, United Internet and Warburg Pincus, with United Internet to retain a majority stake after the IPO, Ionos said.

The Frankfurt bourse’s Prime Standard listings carry higher transparency requirements than General Standard listings including that all reporting be done in English as well as German.

United Internet shares were up 1.8% to 22.23 euros in early Frankfurt trading.

The intention to float document did not provide details on the target issue price or…