EQS-Adhoc

United Internet and Warburg Pincus announce price range and offer structure for Initial Public Offering of IONOS Group SE

EQS-Ad-hoc: United Internet AG / Key word(s): IPO United Internet and Warburg Pincus announce price range and offer structure for Initial Public Offering of IONOS Group SE 27-Jan-2023 / 08:02 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

 

Ad-hoc Disclosure acc. to Art. 17 MAR

United Internet and Warburg Pincus announce price range and offer structure for Initial Public Offering of IONOS Group SE

 

Montabaur, January 27, 2023. United Internet AG (“United Internet”) and WP XII Venture Holdings II SCSp (“WP XII”), an affiliate of Warburg Pincus (together “Warburg Pincus”), the shareholders of IONOS Group SE (75.1% and 24.9%, respectively), have set the framework for the envisaged initial public offering (“IPO”) of IONOS Group SE (together with its subsidiaries “IONOS”) and the admission to trading of its shares to the regulated market of the Frankfurt Stock Exchange (Prime Standard).

The price range for the IONOS shares has been set at EUR 18.50 to EUR 22.50 per share.

The offering is expected to consist of public offering in Germany and private placements in certain jurisdictions outside of Germany. United Internet and Warburg Pincus are each offering 15% of their respective holdings, translating into 15,771,000 ordinary registered shares with no par value from the holdings of United Internet AG and 5,229,000 ordinary registered shares with no par value from the holdings of Warburg Pincus (“Base Shares”). Up to 3,150,000 additional existing ordinary registered shares with no par value from the holdings of United Internet and WP XII may be offered to cover potential over-allotments (together with the Base Shares, the “Offer Shares”). The free float following the IPO, assuming placement of all Offer Shares, would be 17.3%. Depending on the final offer price and assuming placement of all Offer Shares, United Internet would receive gross proceeds of between EUR 336 million and EUR 408 million, while the total proceeds from the IPO are expected to be between EUR 447 million and EUR 543 million. The final offer price and allocation of the Offer Shares will be determined at the end of the bookbuilding process.