United Internet's Ionos to launch IPO process this month - sources

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United Internet's Ionos to launch IPO process this month - sources
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BERLIN/FRANKFURT :United Internet's web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month, two sources close to the matter told Reuters on Friday.An intention to float (ITF) document could come as soon as next week, the sources said. Bloomberg first reported t

BERLIN/FRANKFURT :United Internet's web hosting subsidiary Ionos wants to begin the process for an initial public offering this month, two sources close to the matter told Reuters on Friday.

On Friday, United Internet shares gained up to 5.1 per cent and reached a four month high at 22.54 euros per share.Ionos declined to comment. It would mark the first major European IPO since sports car maker Porsche in September, and would test European markets after dealmaking plunged in 2022.

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