Springer Nature Gains on German Debut in Win for Europe IPOs (1)

Shares in Springer Nature AG & Co. rose as much as 9.6% on their debut in Frankfurt, delivering a much-needed win for Europe’s equity capital markets.

The BC Partners-backed publisher of academic journals was trading at €24.37 per share at 11:38 a.m. local time Friday, valuing the company at close to €4.9 billion ($5.4 billion) following the region’s first sizable initial public offering after the summer break. Springer Nature priced its IPO at €22.50, just above the middle of the targeted range.

The listing’s success stands in contrast to Germany’s biggest IPO for the year, perfume retailer Douglas AG ...