Springer Nature Files For IPO on Frankfurt Stock Exchange

From Reuters:

Springer Nature, the publisher of science magazines Nature and Scientific American, is planning to raise 1.2 billion euros ($1.5 billion) by selling new shares in an initial public offering (IPO), also providing an opportunity for its private equity owner to cash in.
While buyout group BC Partners will sell some of its shares in the listing, German publisher Holtzbrinck, which owns 53 percent, will hold on to its stake, Springer Nature said in a statement on Thursday.
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Springer Nature, which says it is the largest English language academic book publisher with 13,000 new books every year, posted revenues of 1.64 billion euros in 2017, up 2.5 percent from 2016.

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Filed under: News, Publishing, Springer Nature