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Cars OVH (OVHcloud) will soon land on the stock market!

18:50  08 march  2021
18:50  08 march  2021 Source:   pressfrom.com

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OVH (OVHcloud) va bientôt débarquer en Bourse ! © Libert Mikael / ABACA OVH (OVHcloud) will soon land on the stock market! The French web hosting giant and IT infrastructure supplier OVH (OVHcloud) wants to "prepare" for an initial public offering (IPO). An operation that was hoped for by the markets.

OVH is preparing to embark on the deep end of the stock market adventure. Eager to boost investments and increase the visibility and attractiveness of the French web hosting giant and IT infrastructure supplier, founder Octave Klaba and the board of directors of OVHcloud "have taken the decision to prepare for a possible IPO ", indeed indicated a representative of the company to AFP. The goal is to offer "an open, reversible and transparent cloud", he added.

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"Whatever" the decision taken in fine, a launch on the stock market or not, "Octave Klaba and his family will remain majority" in the capital of the company, he specified. OVHCloud had already announced its desire to continue its development by raising funds, without indicating the method chosen. Despite rumors about a proposed IPO, the group had always indicated that the choices were not yet made on this method.

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But Monday morning, Octave Klaba finally announced in a tweet that he had "made his decision" on a possible IPO, without indicating which. OVHCloud was created in 1999 under the name OVH by Octave Klaba, a young Frenchman of Polish origin who arrived in France as a teenager. The company started by hosting websites, before launching into "cloud" services during the 2010 decade.

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With a few other players, it carries the hopes of the European cloud in the face of the American and Chinese giants in this sector which has become strategic for the digital economy.

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