Springer Nature Said to Kick Off 1 Billion-Euro IPO This Month (original) (raw)

Springer Nature, the private equity-backed academic publisher, is preparing to kick off a Frankfurt initial public offering, people familiar with the matter said.

The company targets to announce its intention to float as soon as this month, according to the people. It plans to sell about 1 billion euros ($1.2 billion) of new stock in the offering, said the people, asking not to be identified because the information is private.