UK markets close in 5 hours 48 minutes
  • FTSE 100

    7,205.15
    +1.32 (+0.02%)
     
  • FTSE 250

    23,023.34
    +54.60 (+0.24%)
     
  • AIM

    1,237.90
    +0.44 (+0.04%)
     
  • GBP/EUR

    1.1833
    +0.0014 (+0.12%)
     
  • GBP/USD

    1.3799
    +0.0072 (+0.52%)
     
  • BTC-GBP

    45,144.57
    +132.34 (+0.29%)
     
  • CMC Crypto 200

    1,453.85
    +2.22 (+0.15%)
     
  • S&P 500

    4,486.46
    +15.09 (+0.34%)
     
  • DOW

    35,258.61
    -36.15 (-0.10%)
     
  • CRUDE OIL

    83.51
    +1.07 (+1.30%)
     
  • GOLD FUTURES

    1,780.00
    +14.30 (+0.81%)
     
  • NIKKEI 225

    29,215.52
    +190.06 (+0.65%)
     
  • HANG SENG

    25,787.21
    +377.46 (+1.49%)
     
  • DAX

    15,478.61
    +4.14 (+0.03%)
     
  • CAC 40

    6,673.06
    -0.04 (-0.00%)
     

Computing firm OVHcloud IPO set to go ahead at low end of price range

·1-min read
The logo of French cloud computing company OVHcloud is seen on a data-center building in Strasbourg

PARIS (Reuters) - French cloud computing services provider OVHcloud's IPO is set to move ahead at a price of 18.5 euros per share, at the low end of the range, one of the banks in charge of the operation said on Wednesday, valuing the firm at about 3.5 billion euros.

One of the bookrunners said the offer is already oversubscribed although the books will not close until Thursday midday.

On Oct. 5, OVHcloud - the second-biggest European-based cloud services provider after Deutsche Telekom's T-Systems according to Synergy Research - had set a price range of a 18.5 to 20 euros per shares, which would lead to a market value of 3.5 to 3.74 billion euros.

(Reporting by GV De Clercq; Editing by Kirsten Donovan)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting