Springer Nature Set to Price $583 Million IPO Above Midpoint

Academic publisher Springer Nature’s initial public offering is set to raise around €522 million ($583 million) in what could be Germany’s second-biggest IPO this year, adding to the rebound in Europe’s equity capital markets.

Springer Nature is likely to price its shares at €22.50, just above the midpoint of its €21 to €23.50 targeted range, according to a term sheet seen by Bloomberg News. The deal would value the publisher of science journal Nature at around €4.5 billion ($5 billion).

A successful debut would come as a boost to Europe’s recovering IPO market, which has seen more than $16 ...