OVHcloud announces the success of its initial public offering on Euronext Paris
OVHcloud, the leading European cloud provider with a global footprint, is very pleased to announce today the success of its initial public offering (“IPO”) on the regulated market of Euronext Paris. The IPO aims to accelerate OVHcloud’s growth trajectory and consolidate its leadership position in Europe while continuing to expand in North America and Asia.
The success of the Offering reflects strong demand from leading French and international institutional investors, and from French retail investors. Indeed, the offer was especially very successful among individuals in France, with the highest participation for an IPO on Euronext Paris (Compartment A) in the last 10 years (excluding privatization).
The concurrent offer reserved to OVHcloud’s employees participating in a company employee share plan was also a remarkable success, confirming the commitment of the company's employees.
Based on the offering price of €18.50 per share, the market capitalisation of OVHcloud amounted initially to approximately €3.5 billion. Shares climbed about 6% on the first day of the IPO on Friday.
The successful IPO of OVHcloud kicks off a new phase of development for our company. This operation provides us with additional resources to accelerate our growth and strengthen our position as a European champion and pure player in the cloud, while supporting our international expansion and by reinforcing the relationships of trust that we maintain with our stakeholders. " said Michel Paulin, CEO of OVHcloud.
Did you miss our IPO ? Take a look at all the exciting moments from our big day for OVHcloud at Euronext Paris !
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