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OVHcloud out of order before going public

2021-10-13T16:39:38.363Z


The French cloud operator experienced an outage six months after the fire in one of its centers. Wednesday morning, and for a little over an hour, OVHcloud's servers and therefore those of its customers were no longer responding. The blackout was short-lived, but its consequences are likely to have far greater repercussions for the group. It is in fact in the midst of the IPO process, with a first listing scheduled for Friday, October 15. The operation should allow it to raise at least 350 mi


Wednesday morning, and for a little over an hour, OVHcloud's servers and therefore those of its customers were no longer responding.

The blackout was short-lived, but its consequences are likely to have far greater repercussions for the group.

It is in fact in the midst of the IPO process, with a first listing scheduled for Friday, October 15.

The operation should allow it to raise at least 350 million euros.

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Cloud: towards an entry on the Paris Stock Exchange of OVHcloud

This incident therefore comes at the worst time for the company, when its directors are in the middle of a “roadshow”, this operation seducing financial analysts and investors.

The situation is all the more uncomfortable for the management of OVHcloud as this is the second time since the beginning of the year that a blackout has hit the group.

In March, a violent fire destroyed one of OVHcloud's data storage centers in Strasbourg.

The financial consequences are covered by insurance companies, which have already reimbursed 58 million euros to OVHcloud.

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Source: lefigaro

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