Germany's IONOS expected to price at 18.50 euros per share in IPO

United Internet AG

07/02/2023 10:29

Feb 7 (Reuters) - 
    German web hosting firm IONOS is expected to price at 18.50
euros per share in its initial public offering, the first major
European IPO since sports car maker Porsche  P911_p.DE  in
September, the bookrunner said on Tuesday.
  
    The accompanying banks told potential investors on Tuesday
shortly before the end of the subscription period that shares
would likely cost 18.50 euros. The official price range was from
18.50 to 22.50 euros.
    The initial listing on the Frankfurt Stock Exchange is
planned for Wednesday.
 (Writing by Friederike Heine
Editing by Paul Carrel)
 ((friederike.heine@thomsonreuters.com;))