The hydrogen subsidiary of the industrial group, which is about to go public, sees great growth potential for itself as a manufacturer of large electrolysers worldwide.
(Photo: dpa)
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
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further