off-the-wire

Germany's IONOS expected to price at 18.50 euros per share in IPO

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 7 (Reuters) -


German web hosting firm IONOS is expected to price at 18.50 euros per share in its initial public offering, the first major European IPO since sports car maker Porsche in September, the bookrunner said on Tuesday.


The accompanying banks told potential investors on Tuesday shortly before the end of the subscription period that shares would likely cost 18.50 euros. The official price range was from 18.50 to 22.50 euros. The initial listing on the Frankfurt Stock Exchange is planned for Wednesday. (Writing by Friederike Heine Editing by Paul Carrel)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.