Data Center News

Read OVHcloud goes public
OVHcloud goes public

OVHcloud goes public

October 18, 2021 OVH Group

OVHcloud has finally been listed on the stock exchange in France. It went public on the Euronext Paris stock exchange. The company’s opening market capitalization was €3.48 billion ($4bn). It also raised €400 million ($469m). OVHcloud opened at €18.50 per share, dipped slightly, but its share...

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Read OVHcloud suffers outage affecting global backbone
OVHcloud suffers outage affecting global backbone

OVHcloud suffers outage affecting global backbone

October 13, 2021 OVH Group

French colocation and cloud provider OVHcloud has experienced a global outage. The company experienced an outage that lasted more than one hour when it started at around 7:00 UTC. OVH revealed that a maintenance reconfiguration error caused it. Besides, OVHcloud’s status page was brought down due...

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Read Strasbourg fire could cost OVHcloud €105 million ($122m)
Strasbourg fire could cost OVHcloud €105 million ($122m)

Strasbourg fire could cost OVHcloud €105 million ($122m)

October 01, 2021 OVH Group

OVHcloud could be seeing up to €105 million ($122m) leave its coffers because of the fire that destroyed its Strasbourg data center in March. The document the firm filed with a French financial authority is responsible for revealing this. Although insurance has covered most of the cost of the...

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Read OVHcloud plans to raise €400 million ($469m) in new IPO
OVHcloud plans to raise €400 million ($469m) in new IPO

OVHcloud plans to raise €400 million ($469m) in new IPO

September 22, 2021 OVH Group

According to the Wall Street Journal, French data center and cloud services provider OVHcloud plans to raise €400 million ($469m) in an IPO in Paris, France. According to the reports from WSJ, the listing could see the Company’s value rise to over $4.7 billion. OVHcloud was founded in 1999 as OVH...

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Read Intermarket seeks approval for 100,000 square feet data center in Canada
Baxtel

Intermarket seeks approval for 100,000 square feet data center in Canada

June 21, 2021 Toronto

Intermarket Properties wants to build a data center in Cambridge, Canada. According to Canada Construct Connect, the Company is seeking approval for a 100,000 square feet data center. The proposed data center site is a 40 acre Waterloo Corporate Campus with mixed-use redevelopment that consists...

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Read OVHcloud to go public by end of 2021
OVHcloud to go public by end of 2021

OVHcloud to go public by end of 2021

June 16, 2021 OVH Group

OVHcloud has officially confirmed that it would be going public on the Euronext stock exchange. Although OVHcloud hasn’t confirmed the date, but it will happen before the year runs out. Also, it did not say how much it expects to raise through the IPO, but it said the founder’s family, Octave...

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