Springer Nature announced that they expect to price their offering of shares to the public in a range of between €10.50 and €14.50 per share, still targeting a capital raise of €1.2 billion in gross proceeds, which they will use to pay down a portion of their debt. Current 53 owner Holtzbrinck has confirmed that it will purchase €100 million worth of additional shares in the offering. Current 47 percent BC Partners will sell up to a little over 13 million shares, depending upon the demand and final pricing. (Their sale allotment will not exceed 10 percent of the total shares […]
