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…
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