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The revenues from OVHcloud's initial public offering could be used to fund targeted acquisitions.

OVHcloud, a French cloud computing services provider that announced plans to earn 400 million euros ($469.2 million) in an initial public offering (IPO) in Paris on Monday, expects to make some selective acquisitions, according to CEO Michel Paulin.

Paulin also stated that OVHcloud anticipated listing on the stock exchange by the end of the year, although he did not provide a more specific timeline.

"We have made three acquisitions this year. Why not continue to make a few well-targeted acquisitions?" he told BFM Business.

  • By Editorial Panel
  • 21 Sep 2021
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