United Internet, Warburg to Seek Up to €500 Million in Ionos IPO
- Web hosting arm said to eye up to €3.4 billion market value
- Ionos seen as key litmus test for moribund European IPO market
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United Internet AG and Warburg Pincus are planning to raise as much as €500 million ($545 million) from the Frankfurt listing of web hosting business Ionos Group, people familiar with the matter said.
Ionos’s owners are considering seeking a potential market value of as much as €3.4 billion for the unit, the people said, asking not to be identified discussing confidential information.