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    OVH   FR0014005HJ9


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Shares in French tech champion OVHcloud gain 6% in Paris debut

10/15/2021 | 03:52am EST
The logo of French cloud computing company OVHcloud is seen on a data-center building in Strasbourg

PARIS (Reuters) -Shares in French cloud computing company OVHcloud climbed around 6% 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.

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 ($4.1 billion).

"It's a great day for French and European tech sovereignty," said French technology minister Cedric O in a launch ceremony. "We want to make champions here."

Some politicians hope that OVHcloud - the biggest European-based cloud services provider - could offer an alternative to U.S. giants Amazon Web Services, Microsoft's Azure and Google Cloud, which dominate the market.

However, the company has so far lacked the scale and financial clout to dent their market shares.

OVHcloud is the second-biggest listing on Euronext Paris this year, following Antin Infrastructure Partners' September debut, which brought it a market value of around 4.1 billion euros.

It joins a long list of European companies going public this year, but a skittish market has seen some faltering starts, with French healthcare property group Icade Santé and Swiss Chronext delaying their debuts.

($1 = 0.8611 euros)

(Reporting by Sarah Morland and Gwenaelle BarzicEditing by Richard Lough and Mark Potter)

© Reuters 2021
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Analyst Recommendations on OVH GROUPE S.A.
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Sales 2021
Net income 2021
Net Debt 2021
P/E ratio 2021
Yield 2021
Capitalization 4 102 M 4 611 M 4 615 M
EV / Sales 2021
EV / Sales 2022 6,01x
Nbr of Employees 2 500
Free-Float 29,0%
Duration : Period :
OVH Groupe S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends OVH GROUPE S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 21,60 €
Average target price 25,36 €
Spread / Average Target 17,4%
EPS Revisions
Managers and Directors
Michel Paulin Chief Executive Officer & Director
Yann Leca Chief Financial Officer & Executive Vice President
Octave Klaba Chairman
Henryk Klaba Director, Director-R&D Infrastructures
Miroslaw Klaba Director, Director-Research & Development
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