Issue price probably at the lower end of the price range

Frankfurt The internet service provider and telecom group United Internet will probably issue the shares of its web hosting subsidiary Ionos at the lower end of the price range. This gives the company a market capitalization of 2.6 billion euros. As the banks organizing the IPO informed investors on Tuesday, a price of EUR 18.50 per share is to be expected.

Ionos wants to make an official decision on the issue price in the evening. However, in most cases the issue price corresponds to the final price recommendation. Trading in Ionos papers on the Frankfurt Stock Exchange begins on Wednesday. This is linked to the hope for a better IPO year in 2023.

United Internet and minority investor Warburg Pincus had offered the Ionos shares in a range of EUR 18.50 to EUR 22.50. However, given the situation on the markets, investors were reluctant to make inquiries.