United Internet subsidiary Ionos plans Q1 IPO
United Internet subsidiary Ionos plans an initial public offering 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. A source familiar with the matter told Reuters last week that Ionos could achieve a valuation of 5 billion euros in a stake sale. With largely subscription-based revenue, Ionos generated 1.1 billion euros in 2021. Ionos will consider opportunistic M&A to gain market share and support international expansion, CFO Britta Schmidt said on a conference call on Tuesday. In 2022, technology IPOs only took up 10.7% of market share, according to Dealogic data. Ionos, which is based in Montabaur, is a web hosting company offering mass market hosting services, domains, managed hosting and cloud applications to consumers and SMEs in countries including the U.S., Germany, UK, France, Spain and Poland. Source: https://www.reuters.com/markets/deals/united-internet-subsidiary-ionos-plans-ipo-q1-2023-01-17/
Oyo Still Keen to Pursue IPO Setting Mid-February Deadline for Refiling
Keen to pursue its long-anticipated initial public offering, hospitality tech company Oyo has said it would be refiling its draft red herring prospectus with the Indian stock market regulator Securities Exchange Board of India by mid-February. While the company refused to offer any estimation of the time it expects SEBI to take for the approval, […]