Shares in French tech champion OVHcloud gain 6per cent in Paris debut

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PARIS :Shares in French cloud computing company OVHcloud climbed around 6per cent on their first day of trading on Friday, after a brief wobble, in one of Paris' biggest new listings this year.The shares were up at around 19.70 euros at 0739 GMT, after dipping just below the offer price in early trading.

PARIS :Shares in French cloud computing company OVHcloud climbed around 6per cent on their first day of trading on Friday, after a brief wobble, in one of Paris' biggest new listings this year.

OVHcloud had on Thursday set its IPO price at 18.5 euros per share, the low end of its guidance range, implying a market value of around 3.5 billion euros .

 

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