Europe’s OVHcloud Readies Possible $4.7 Billion IPO

The Wall Street Journal2021-09-20

France-based cloud services provider aims to take advantage of the surge in demand for digital communications accelerated by the pandemic OVHcloud rents computing, storage and networking capability to...

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Comments

JS64
2021-09-20
JS64
Ok
- 杰森杰森OvO:
  ??
in_deep_red
2021-09-20
in_deep_red
Nice
KK2021
2021-09-20
KK2021
Wow wow
- henghm:
  like and comment
ivy888
2021-09-20
ivy888
Like
- Financing:
  ??

Leave a comment

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It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.\nThe potential offering comes amid surging demand for web hosting and other cloud services after the coronavirus pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.\nThe challenge and opportunity for OVHcloud, which was founded in 1999 and is formally known as OVH Groupe, will be convincing investors it has the ability to compete with industry behemoths such as Amazon.com Inc.,Microsoft Corp.’s Azure and Google Cloud, a unit of Alphabet Inc.\nLargely owned by the family of founder and chairman Octave Klaba, the company has built its own in-house server technology, including systems that run water over its processors to cool them.\nAn IPO could value OVHcloud at more than €4 billion, equivalent to $4.7 billion, some of the people said. 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In April, OVHcloud added so-called virtual private servers at its data center in Hillsboro, Ore. 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