Springer Nature’s IPO worth around 600 million euros was a success. It is only the third largest initial public offering by a company in Germany this year.
The Berlin scientific publisher Springer Nature has made a successful stock market debut. In the IPO worth around 600 million euros, the share price was largely above the 24 euro mark in early trading after the shares had been placed at 22.50 euros each. The first price on the Frankfurt Stock Exchange was 24 euros.
Most recently, 24.47 euros were paid, which was an increase of 8.8 percent compared to the issue price.
Springer Nature owns many journals for academics at universities and for research. The group also offers materials and textbooks in the education sector as well as further training and services in the health sector. The company employs more than 9,000 people worldwide and achieved sales of 1.85 billion euros in 2023.
Third major IPO in 2024
Springer Nature’s good stock market debut stands in contrast to the largest German IPO so far this year: the Douglas perfumery chain returned to the stock market in March. Since then, their papers have never reached the issue price of 26 euros. Meanwhile, shareholders who bought Douglas back then have lost around 23 percent of their value.
Springer Nature is only the third major IPO in Germany this year after Douglas and tank gear manufacturer Renk.
Source: Stern
