Ionos IPO Raises €389 Million After Pricing At Bottom-End
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The initial public offering of United Internet AG’s web hosting arm Ionos Group raised €389 million ($416 million) after the share sale was priced at the bottom end of an initial range to accommodate price-sensitive investors.
About 21 million Ionos shares were sold in the offering at the bottom end of an initial range of €18.50 to €22.50 per share, the company said in a statement late Tuesday. Another 3.15 million shares could be placed as an overallotment.