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Weekly News Digest
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September 19, 2024 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.
CLICK HERE to view more Weekly News Digest items.
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Springer Nature Plans IPO on the Frankfurt Stock Exchange
Reuters reports that “Springer Nature, publisher of science journal Nature and Scientific American, said … it plans an initial public offering (IPO) on the Frankfurt Stock Exchange that could be completed by the end of the year.” The “planned IPO will consist of a 200 million euro ($220 million) capital increase and a sale of existing shares. Holtzbrinck Publishing Group and BC Partners currently own 53% and 47% stakes respectively.” Proceeds from the listing would reduce Springer Nature’s debt and optimize its financing structure. Springer Nature had previously planned an IPO in 2020 but postponed it due to the pandemic.ION Analytics published an article analyzing the IPO, stating, “The German publisher is one of the few big-ticket IPOs left to hit European exchanges this year. An unsuccessful deal, or a decision not to go ahead with a listing should an acceptable price not be secured, would see Europe’s new listing market ending on a whimper after a roaring start to the year.” The article cites a source who says, “AI is the driver of the whole sector and is a huge growth engine for the business. … Springer Nature is in a great position because it is content that fuels AI.” For more information, read the Reuters news item.
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Brandi Scardilli
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