Montabaur Internet service provider and telecom group United Internet plans to list its hosting subsidiary Ionos on the Frankfurt Stock Exchange in the first quarter. That is the “next logical step,” said CEO Ralph Dommermuth.
Initially, Ionos did not provide any information on the target issue price and the number of shares offered. According to a report by the Bloomberg news agency, the company hopes for a valuation of up to five billion euros.
Ionos claims to be the European market leader in web hosting and is also expanding its business with cloud services. The provider generated sales of 1.1 billion euros in 2021, around 90 percent of which came from subscriptions. The business can therefore be planned comparatively well.
According to Ionos, the shares are expected to come exclusively from the stocks of the two previous shareholders, in addition to the Internet group United Internet, the private equity company Warburg Pincus. New share certificates, the proceeds of which would flow directly to Ionos, are apparently not to be issued.
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