IONOS IPO price range set as bookbuild kicks off

United Internet AG

27/01/2023 07:19

BERLIN, Jan 27 (Reuters) - United Internet is offering
investors shares in its subsidiary IONOS Group in an initial
public offering (IPO) at 18.50 euros to 22.50 euros
($20.11-$24.46) apiece, the group said in a statement on Friday.
    Majority shareholder United Internet and minority partner
Warburg Pincus are each offering 15% of their respective
holdings. The free float, assuming placement of all offer
shares, would be 17.3%.
    "Depending on the final offer price and assuming placement
of all offer shares, United Internet would receive gross
proceeds of between 336 and 408 million euros, while the total
proceeds from the IPO are expected to be between 447 million and
543 million euros," the statement said.
($1 = 0.9200 euros)
 (Writing by Miranda Murray, editing by Kirsti Knolle)
 ((Miranda.Murray@thomsonreuters.com;))