IONOS Group €447 million IPO
The shares are listed on the Frankfurt Stock Exchange
Davis Polk advised IONOS Group SE in connection with its initial public offering of 24,150,000 ordinary registered shares, consisting of 15,771,000 shares from the holdings of United Internet AG, 5,229,000 shares from the holdings of Warburg Pincus and 3,150,000 additional shares from the holdings of United Internet and Warburg Pincus to cover potential over-allotments. The total gross proceeds of the offering are approximately €447 million, assuming full exercise of the over-allotment option.
IONOS’s shares have been admitted to trading on the Frankfurt Stock Exchange.
IONOS, headquartered in Montabaur, Germany, is an international digitalisation partner that offers a broad portfolio of products and services including web presence and productivity as well as cloud solutions. Its products are aimed primarily at small and medium-sized businesses and freelance professionals.
The Davis Polk corporate team included partner Leo Borchardt and associate Serdar Inci. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided U.S. tax advice. Partner Gregory S. Rowland and associate Caroline R. Zhang provided 1940 Act advice. Members of the Davis Polk team are based in the London and New York offices.