At the last minute Springer Nature cancelled the IPO of shares on the Frankfurt Stock Exchange, citing “market conditions” and indicating they might try again at another time. A banker close to the deal told Reuters that many investors had become cautious after the poor performance of a number of European IPOs: “The new issue will have less liquidity. Given the poor performance of other IPOs, orders for Springer have been somewhat smaller than expected.” Orders were sufficient to allocate all of the shares, though in a strong IPO, orders will significantly exceed the shares being issued. Global Capital reports that […]
