Hardly any companies dared to go public last year.
(Photo: dpa)
Frankfurt The shares of the Internet service provider Ionos fell on the stock market debut in Frankfurt. In a strong market environment the share certificates are down 2.5 percent three quarters of an hour after the start of trading. Even the first course was below the issue price of EUR 18.50.
Ionos is the first IPO in Germany for a long time. There were no notable new issues in 2022 – with the exception of Porsche. However, the IPO of the sports car manufacturer is considered a special case, since the issue price hardly played a role for its owner.
The majority owner of the Ionos parent company United Internet, Ralph Dommermuth, needs money because the mobile network construction of his telecom company 1&1 is more expensive than planned. Although further shares could be placed, United Internet definitely wants to retain the majority in Ionos. Dommermuth considers the business to be particularly promising.
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