OVH PROMISES: OVHcloud will go public at 18.50 euros per share – Invest

by

OVH PROMISES

OVHcloud will go public at 18.50 euros per share | Photo credits: OVHcloud

PARIS (Agefi-Dow Jones) – TheInitial Public Offering specialist in cloud computing services OVHcloud will be priced at 18.50 euros per share, a company spokesperson said on Wednesday.

This price shows a valuation of 3.501 billion euros. It is at the bottom of the indicative range provided on October 5 by OVHcloud, which ranged from 18.50 to 20 euros.

According to the timetable of the operation, the open price offer (OPO) reserved for individual investors closes this Wednesday at 8 p.m. Global placement for professionals will end at 12 noon on Thursday. The first listing should take place on October 15th.

In the midst of the IPO process, the group was the victim in the morning of Wednesday of a major blackout which affected many websites. In a tweet, Octave Klaba, the founder and president of OVHcloud, attributed this failure to “a human error during the reconfiguration of the network (network, editor’s note)”.

-François Berthon, Agefi-Dow Jones; +33 (0) 1 41 27 47 93; [email protected] ed: LBO

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

October 13, 2021 13:15 ET (17:15 GMT)