OVHcloud sees shares rise six per cent in IPO debut in 'a great day for European tech sovereignty'

The IPO is one of the biggest in France this year, and comes seven months after one of its datacentres burst into flames costing the cloud provider €105m

Nima Green
clock • 1 min read
Credit: OVHcloud
Image:

Credit: OVHcloud

Europe's sole hyperscaler OVHcloud has gone public in one of France's biggest initial public offerings of the year. Hours after the France-HQ cloud provider went public on the Euronext Paris Exchange, shares for the firm rose six per cent. French President Emmanuel Macron hailed what he called one of the French tech sector's "greatest succeses". OVHcloud is part of the pan-European GAIX-X project, which is part funded by the French and German governments as well as private enterprise,...

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