United Internet’s Ionos to launch IPO process this month

BERLIN/FRANKFURT: United Internet’s web hosting subsidiary Ionos wants to begin the process for an initial public offering (IPO) this month, two sources close to the matter told Reuters on Friday.

An intention to float (ITF) document could come as soon as next week, the sources said. Bloomberg first reported the news on Thursday.

On Friday, United Internet shares gained up to 5.1% and reached a four month high at 22.54 euros per share.