Report: Going Public: Springer Nature Plans Frankfurt IPO in Latest Test of Market
From Reuters:
Springer Nature, publisher of science journal Nature and Scientific American, said on Thursday it plans an initial public offering (IPO) on the Frankfurt Stock Exchange that could be completed by the end of the year.
The German academic research publisher said its planned IPO will consist of a 200 million euro ($220 million) capital increase and a sale of existing shares. Holtzbrinck Publishing Group and BC Partners currently own 53% and 47% stakes respectively.
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From BNNBloomberg:
Thursday’s announcement marks Springer Nature’s latest push to go public after canceling similar plans in 2018 and 2020. The company will now begin a round of investor meetings to define a price range for the sale.
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Springer Nature, the publisher of science journal Nature and Scientific American, raked in revenues of €1.85 billion last year, leading to an adjusted operating profit of €511 million, according to the statement. That compares to sales of €1.82 billion and profits of €462 million in 2022.
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About Gary Price
Gary Price (gprice@gmail.com) 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.