IONOS sets IPO price guidance at lower end of range


FILE PHOTO A trader works at the Frankfurt stock exchange in Frankfurt Germany February 22 2022.    REUTERSTimm ReichertFile Photo

FILE PHOTO: A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert/File Photo

LONDON (Reuters) - German web hosting firm IONOS plans to sell shares at the lower end of the targeted price range in its initial public offering (IPO) on the Frankfurt bourse, a deal seen as a potential icebreaker for the reopening of European markets.

The company is offering stock at 18.50 to 19.50 euros ($19.94-$21.02) per share, compared with the original price range of 18.50 euros to 22.50 euros, according to a bookrunner message seen by Reuters on Monday.

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In