Deals
French Cloud Hosting Provider OVH Plans IPO Next Year
- Amazon cloud rival appoints Rothschild as IPO adviser
- OVH is latest European company preparing to go public
Photographer: Andrey Rudakov/Bloomberg
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OVH Groupe SAS, the French cloud-computing provider, is preparing for a potential initial public offering early next year, according to people familiar with the matter, as European companies make tentative plans for a return to the capital markets.
The company has mandated Rothschild & Co. as an adviser to help with preparations for an IPO, the people said, asking not to be identified as discussions are private. Other banks will soon be invited to pitch for roles on the deal, the people said.