By Giulia Petroni
United Internet AG confirmed on Monday that it will hold an initial public offering for its web hosting and cloud provider Ionos Group in 2023.
“After the strong growth of the last years, an IPO is the next logical step,” the Germany-based internet services company said, adding that it will now engage an international syndicate of banks to conduct the offering.
However, the IPO still depends on a number of factors, including market conditions and the review and approval by corporate bodies and authorities, United Internet said.
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