In line with lengthy preparations, academic publisher Springer Nature formally announced plans to list shares on the Frankfurt Stock Exchange, looking to raise approximately €1.2 billion in proceeds. Timing was not announced, but in Germany shares usually start trading four weeks after an IPO is announced. Holtzbrinck, currently a 53 percent owner, will retain all of their shares. Minority partner BC Partners, which owns 47 percent of the company, may “include a secondary placement” to sell some of their shares in the IPO, “depending on the market environment.” The proceeds from the offering will be used “to strengthen Springer Nature’s financial profile” — […]
