Source link
Web Hosting Co. Ionos Targets $3.4B IPO In Germany
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….
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
- Access to attached documents such as briefs,…
Source link
Germany’s IONOS eyes market value of up to 3.14 bln euros in IPO
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…
Source link
United Internet subsidiary Ionos plans IPO in Q1
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…
Source link
Europe’s OVHcloud Readies Possible $4.7 Billion IPO
European cloud-services provider OVHcloud plans to launch a possible initial public offering as soon as Monday that could value the business at more than $4.7 billion, according to people familiar with the matter.
Based in Roubaix, France, OVHcloud rents computing, storage and networking capability to users, overseeing a network of dozens of data centers across North America, Europe, Singapore and Australia. It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.
Source link