Octave Klaba, Founder & Chairman, OVH. Photo credit: Harry Murphy/Web Summit via Sportsfile, under Creative Commons license

OVH, a French cloud computing provider, is eyeing a public listing as early as next year, according to a report [paywall] from Bloomberg. According to Bloomberg, OVH has courted investment bank Rothschild & Co to help with public listing preparations. Rothschild & Co has significant operations in the French business markets, making it much plausible that OVH, a French company, is courting it for a listing. OVH is said to be targeting a listing in Paris. 

OVH is a European-made rival to global cloud businesses such as Amazon Web Services. The company’s main business centers on leasing cloud storage space and processing power to enterprises. OVH was founded in 1999 and has raised hundreds of millions of euros in debt and equity financing as a private company. In 2016, private equity firms KKR and TowerBrook Capital Partners coughed up 250 million euros for a minority stake in the company.

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