Europe’s OVHcloud Plans IPO at Potential $4.7 Billion Valuation – The Wall Street Journal

European cloud-services provider OVHcloud plans to launch a possible initial public offering, the company said Monday, a deal that could value the business at more than $4.7 billion.

Based in Roubaix, France, OVHcloud rents computing, storage and networking capability to users, overseeing a network of dozens of data centers across North America, Europe, Singapore and Australia. It also operates its own fiber-optic network globally that the company claims gives it a competitive edge.

Spread the love

Leave a Reply

Your email address will not be published.