Iodine oxides appear as reactive intermediates in atmospheric chemistry. Here, we investigate IO and HOI by mass-selective threshold photoelectron spectroscopy (ms-TPES), using synchrotron radiation. IO and HOI are generated by photolyzing iodine in the presence of ozone. For both molecules, accurate ionization energies are determined, 9.71±0.02 eV for IO and 9.79±0.02 eV for HOI. The strong spin-spin interaction in the ³Σ^- ground state of IO⁺ leads to an energy splitting into the Ω=0 and Ω=±1 sublevels. Upon ionization, the I-O bond shortens significantly in both molecules; thus, a vibrational progression, assigned to the I-O stretch, is apparent in both spectra.