Springer Nature AG & Co KGaA (Ticker: SPG GR) is a major academic and scientific publisher operating in the media industry. The company plans to raise approximately €643.45 million (USD 710.76 million) through an initial public offering (IPO) on the Frankfurt Stock Exchange (Xetra). The IPO will include 27.38 million shares, with 34.78% (9.52 million shares) being primary shares and 65.22% (17.86 million shares) secondary shares sold by existing shareholders, including BC Partners and Holtzbrinck Publishing Group.

The price range for the shares is expected to be between €21.00 and €23.50 (USD 23.20 - USD 25.96), with final pricing scheduled for October 1, 2024, and the listing date set for October 4, 2024. The offering is managed by BNP Paribas, Commerzbank, Goldman Sachs, and UniCredit. Proceeds from the IPO will primarily be used to reduce debt and optimize the financial structure.