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. Click Read More below for additional information.