Tag Archives: 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.

New York-headquartered web hosting services company, Squarespace Inc is planning an initial public offering in the first half of the next year, according to Bloomberg.

What Happened: Squarespace is already in talks with certain banks for financial advisory and a selection is expected sometime this month, based on inputs from sources, as per Bloomberg.

In its secondary market funding round in December 2017, equity firm General Atlantic invested $200 million. At the time, Squarespace’s valuation was close to $1.7 billion, as per Bloomberg. Whereas Crunchbase, based on research by PrivCo, estimates the post-money valuation to be between $1 billion to $10 billion.

Based on performance trends, the company is expected to value its IPO above the 2017 threshold.

Why Does It…