Springer Nature looks to raise €1.2bn in IPO

Publisher Springer Nature has confirmed it intends to list its shares on the Frankfurt Stock Exchange, targeting funds of approximately €1.2bn to strengthen its financial profile.

The date of the initial public offering (IPO) has not been disclosed but the Financial Times suggests it is likely to take place in around four weeks.

The company said it had group revenues of €1.64bn in 2017 and an underlying growth rate of 2.5% on an organic constant currency basis.

C.E.O. Daniel Ropers said: “We aim to be the most respected and progressive academic research publisher. It is our mission to support the science and education community to discover, learn and achieve more. We want to make a difference to how research is used, re-used, discovered and shared. We have a track record of constantly improving and innovating in the academic research publishing process. The intended IPO will help us to accelerate our journey going forward.”
https://www.thebookseller.com/news/springer-nature-looks-raise-12bn-ipo-766946

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