United Internet And WP Price IONOS Group IPO At EUR 18.50-EUR 22.50/shr

United Internet AG (UDIRF.PK), a German internet services provider, and WP XII Venture Holdings II SCSp, an affiliate of Warburg Pincus, said on Friday that they have set a price range of 18.50 euros to 22.50 euros per share for the planned initial public offering of IONOS Group SE.

United Internet owns 75.1 percent of IONOS, whereas WP XII Venture holds remaining 24.9 percent.

The IPO includes public offering in Germany, and private placement outside of the country. The offering will start after the Group's listing on the Frankfurt Stock Exchange.

The total proceeds from the IPO are expected in the range of 447 million euros - 543 million euros.

The offering is scheduled to begin on January 30, and continue until February 7.

United Internet and Warburg Pincus are each offering 15 percent of their respective share holdings. This will translate into 15.771 million shares with no par value from United Internet, whereas 5.229 million shares with no par value from Warburg Pincus.

Up to 3.15 million additional existing shares with no par value from the both holdings may also be offered to cover potential over-allotments.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023. The U.S. Food and Drug Administration has warned certain retailers against unauthorized sales of popular disposable e-cigarettes, mainly various types of Puff and Hyde brand e-cigarettes. Under the retailer inspection blitz, warning letters have been issued to 30 retailers, including one distributor, for illegally selling such products. All products cited in the warning letters are disposable Tillamook County Creamery Association is recalling a limited quantity of family-size 1.5qt cartons of Tillamook Waffle Cone Swirl ice cream due to undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The Tillamook Waffle Cone Swirl ice cream was mistakenly packaged in a Tillamook Chocolate Peanut Butter ice cream carton.
Follow RTT