United Internet is pushing ahead with Ionos IPO plans

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The first plans for an Ionos IPO had already become known in 2021.

(Photo: dapd)

Munich With the Internet and mobile phone provider United Internet The stock market plans for the web hosting subsidiary Ionos are becoming more concrete. The IPO is planned for 2023, the group announced on Monday. He is “the next logical step” for the cloud subsidiary, in which the financial investor Warburg Pincus holds a 24.9 percent stake. United Internet will commission an international bank consortium with the preparations. It usually takes five to six months from the mandate to the first listing. However, United Internet has not committed itself to a specific point in time. The IPO also depends on the market environment.

United Internet had made the stock exchange plans for Ionos public in autumn 2021, but had to put them off due to the turbulence on the markets. They should also give Warburg Pincus an exit option. That Almost a year ago, “Handelsblatt” considered a market capitalization of around five billion euros to be realistic. Ionos competes with cloud providers like GoDaddy and OVHCloud.

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