Ionos shares fall after Warburg Pincus sells stake at a discount

Ionos' IOSn.DE stock falls around 5% in early Frankfurt trade after Warburg Pincus placed 12.13 million shares of the German web-hosting company, worth 298 million euros ($321.63 million), via Deutsche Bank

The placement price, at 24.55 euros per share, is more than 5% below Thursday's official closing price

"Placement can weigh on shares first. But given it is a clean-up event, the modest discount and the free float rise are positives," a local trader writes

Ionos is one of the worst-performing small-cap stocks in premarket trading on Friday

($1 = 0.9265 euros)