Munich The shares of the Thyssen-Krupp hydrogen subsidiary Nucera, which is striving to go public, are likely to be issued at 20 euros each. Investors who subscribed to the paper below this mark threatened to get nothing, the banks accompanying the IPO informed professional investors on Monday.
The issue price would thus be roughly in the middle of the price range of 19 to 21.50 euros. Nucera and its two shareholders Thyssen-Krupp and De Nora would take a good 600 million euros.
Thyssen-Krupp Nucera shares can be subscribed to until Wednesday (July 5), the first listing is planned for Friday. With two anchor investors, the Saudi Arabian sovereign wealth fund PIF and a fund from the French bank BNP Paribas, Nucera had already secured a significant part of the issue volume.
More: Here’s what you need to know about Nucera stock
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