MONTABAUR (dpa-AFX) – According to Kreisen, United Internet is aiming for a valuation of around four billion euros in the Ionos group’s planned IPO next year. Berenberg, BNP Paribas, Deutsche Bank and JPMorgan (JPMorgan ChaseCo) have been selected by the digital giant as the lead underwriters to complete the IPO, Bloomberg news agency reported on Thursday, citing people familiar with the matter. According to the report, spokesmen for the companies involved did not want to comment.
The time of the IPO should be in the first half of 2023. In the coming week, United Internet will hold an investor day on Tuesday (November 15) with a focus on Ionos. The digital group, which is listed on the MDAX, announced in September that it would list Ionos on the stock exchange. After the strong growth of recent years, an IPO is the next step, which reflects the company’s positioning as a leading digitization partner for freelancers and small and medium-sized enterprises and as a powerful European cloud provider, it was said at the time.
Ionos had sales of 1.06 billion euros last year, which is almost a fifth of the group’s total revenues. According to the company, the division employs more than 4,000 people. United Internet is in transition. The consumer applications division with the mail services GMX and Web.de is in the shop window, it could be sold in quite some time. The subsidiary 1&1 is working flat out on the construction of the fourth German mobile network./zb/he
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