IONOS lists, but shares fall in the immediate aftermath

Stocks lost around 2% on their opening price, but it's still very early in the game.

Germany's IONOS, a web hosting services provider owned by United Internet, listed its shares today in an IPO viewed as gauging investor appetite after European listings stalled last year.

As of around 10AM, Reuters reports IONOS stock prices erased roughly €0.40 on their opening price of €18.40, as traded on Frankfurt's stock exchange.

IONOS's parent wants to capitalise on its foothold providing web services to freelancers and SME businesses. IONOS has also grown its presence in the cloud services segment, United Internet has said.

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