France’s OVHcloud about to announce IPO plan: Source

PARIS: French cloud computing services provider OVHcloud is about to set out its plan to list the company’s shares on Euronext’s Paris stock exchange, a source close to the matter said, confirming an earlier report by weekly JDD.

The announcement will include a timetable for the initial public offering (IPO), which would be one of France’s biggest this year and could value the company at several billion euros, according to several analysts, the source said.

JDD reported that OVHcloud would make the announcement on Monday.