ICYMI: Reuters: Springer Nature is Planning IPO That May Value Company at More than 7 Billion Euro [$8.6 Billion/USD]
SpringerNature, the publisher of science magazine Nature, has brought forward a listing which may value it at more than 7 billion euros ($8.6 billion) including debt, to reduce the risk from volatile stock markets, people close to the matter said.
The company, which also publishes Scientific American, is planning to announce its initial public offering (IPO) in May, with a Frankfurt listing slated to take place four weeks later, they said, adding that originally plans had been for a July listing.
The SpringerNature joint venture is 53-percent owned by German publisher Holtzbrinck, with buyout group BC Partners holding the rest.
It [SpringerNature] generated €1.64bn in revenue in 2017, 2.5 per cent more than a year earlier.
“The intended IPO will help us to accelerate our journey going forward,” said Daniel Ropers, chief executive. Springer Nature did not give details on the timing of the IPO, but in Germany the first day of trading is normally around four weeks after publication of the intention to float, which would mean the company should list in the first half of May.
See Also: Full Text of Official Announcement and Statement by Springer Nature CEO
See Also: SpringerNature is Planning IPO That May Value Company at More than 7 Billion Euro [$8.6 Billion/USD] (February 23, 2018)
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.