Germany-based web hosting company IONOS SE had an IPO at the Frankfurt Stock Exchange earlier today.
The company priced its shares at €18.50 per share, raising €389 million ($418 million dollars) with an initial valuation of €2.6 billion. The stock symbol is IOS.
IONOS at the Frankfurt Stock Exchange / Photo by Andreas Maurer – IONOS
IONOS SE competes with US-based rivals such as GoDaddy. The IPO gave IONOS SE a market capitalization of approximately $2.8 billion dollars.
IONOS is operated by United Internet AG that also operates Sedo.com and InterNetX.
The latter has a new CEO, Elias Rendón Benger; the company’s founder and CEO, Hakan Ali, left his role at InterNetX after more than 24 years with the company to form H1.de, a “lifestyle & fun brand.”
