New AML Guidance from BaFin and FIU
3 December 2024
On 27 January 2023, United Internet AG and WP XII Venture Holdings II SCSp, an affiliate of Warburg Pincus, the shareholders of IONOS Group SE (75.1% and 24.9%, respectively), have set the framework for the envisaged initial public offering of IONOS Group SE and the admission to trading of its shares to the regulated market of the Frankfurt Stock Exchange (Prime Standard). The price range for the IONOS shares has been set at 18.50 EUR to 22.50 EUR per share.
United Internet and Warburg Pincus are each offering 15% of their respective holdings (plus overallotment/greenshoe shares). Depending on the final offer price and assuming placement of all offered shares (including the greenshoe), the total gross proceeds from the IPO would be in a range from 447 million EUR to 543 million EUR. The final offer price and allocation of the offered shares are expected to be determined on 7 February 2023. The first day of trading is expected to occur on 8 February 2023.
Hengeler acts as counsel to the issuer (IPO/capital markets and corporate matters) and United Internet (corporate/M&A matters). The team is led by partners Alexander Rang (Capital Markets) and Daniela Favoccia (Corporate/M&A, both Frankfurt) and includes partner Vera Jungkind (Public Law/Regulatory, Dusseldorf), counsel Cecilia Di Ció (Frankfurt) and Caspar Haarmann (Dusseldorf, both Capital Markets) as well as associates Christoph Roggemann (Capital Markets/M&A), Julia Tittel, Jan Häller (both Corporate, all Frankfurt), Alexander Berkle (Capital Markets/Corporate), Philipp Pauschinger (both Berlin), Jennifer Zimmermann (Frankfurt, both Capital Markets), Michael Schramm and Sandra Plötz (both Public Law/Regulatory, Dusseldorf).
