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

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The logo of French unreality computing institution OVHcloud is seen connected a data-center gathering successful Strasbourg, France, October 13, 2021. REUTERS/Christian Hartmann/Files

PARIS, Oct 13 (Reuters) - French unreality computing services supplier OVHcloud's IPO is acceptable to determination up astatine a terms of 18.5 euros per share, astatine the debased extremity of the range, 1 of the banks successful complaint of the cognition said connected Wednesday, valuing the steadfast astatine astir 3.5 cardinal euros.

One of the bookrunners said the connection is already oversubscribed though the books volition not adjacent until Thursday midday.

On Oct. 5, OVHcloud - the second-biggest European-based unreality services supplier aft Deutsche Telekom's T-Systems (DTEGn.DE) according to Synergy Research - had acceptable a terms scope of a 18.5 to 20 euros per shares, which would pb to a marketplace worth of 3.5 to 3.74 cardinal euros.

Reporting by GV De Clercq; Editing by Kirsten Donovan

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