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Financials

France's OVHCloud unveils sales targets ahead of IPO

PARIS, Sept 20 (Reuters) - French cloud computing services provider OVHcloud said on Monday that it was targeting an organic revenue growth rate in the mid-twenties by 2025, as it took a first step towards an initial public offering on Euronext Paris with the publication of its registration document.

OVHcloud said it was hoping to raise 400 million euros ($468.64 million) via the issuance of new shares.

In June, the family-owned company re-committed to an IPO on Euronext’s Paris stock exchange but provided no timetable.

$1 = 0.8535 euros Reporting by Dominique Vidalon; Editing by Sudip Kar-Gupta

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