United Web subsidiary Ionos plans IPO in Q1, Telecom Information, ET Telecom

By Emma-Victoria Farr and Hakan Ersen

BERLIN/FRANKFURT: United Web subsidiary Ionos mentioned on Tuesday it might undertake a first-rate commonplace itemizing of its shares this quarter on the Frankfurt Inventory Alternate, because the webhosting firm readies for an preliminary public providing (IPO).

The supplied shares are anticipated to come back from the holdings of the subsidiary’s two present shareholders, United Web and Warburg Pincus, with United Web to retain a majority stake after the IPO, Ionos mentioned.

United Web shares had been up 1.8% to 22.23 euros in early Frankfurt buying and selling.

The intention to drift doc didn’t present particulars on the goal situation value or the variety of shares to be supplied. Investor conferences will start on Tuesday.

A supply aware of the matter advised Reuters final week that Ionos may obtain a valuation of 5 billion euros ($5.42 billion) in a stake sale.

“Gross sales progress of greater than 15% up to now 12 months and a long-term EBITDA margin goal of an unbelievable 30% ought to arouse traders’ curiosity,” mentioned Jurgen Molnar, strategist at Brokerage RoboMarkets.