Springer Nature Targets €4.7 Billion Valuation in Frankfurt IPO

Springer Nature, the private equity-backed academic publisher, is aiming for a valuation as high as €4.7 billion ($5.2 billion) in its initial public offering.

The company and its backer, BC Partners, are offering up to 23.8 million shares at a price range of €21.00 to €23.50, according to a statement on Monday. The deal could raise as much as €536 million, including €200 million in new equity.

Holtzbrinck Publishing Group, which holds a 53% stake in the company, is not selling stock through the IPO.

Trading in the company’s stock is expected to begin on the Frankfurt Stock ...