The Springer Nature IPO will officially price later in the day Tuesday, but the bookrunners were indicating only modest demand for shares and are expected to price the stock at 10.50 euros, the bottom end of their range, before shares start trading in Frankfurt on Wednesday. At that price, the offering should raise 1.2 billion euros in proceeds, which the publisher will use to pay down their debt load of approximately 3 billion euros. That would give their shares a market cap of 3.2 billion euros. On Friday, Holtzbrinck stepped in to support the offering after “demand fell short of […]
