Thyssenkrupp Nucera IPO price range set below expectations
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2023-06-23 14:58
(Reuters) -Thyssenkrupp and Industrie De Nora on Friday set the price range for the initial public offering (IPO) of their

Thyssenkrupp and Industrie De Nora have set the price range for the initial public offering (IPO) of their joint venture Thyssenkrupp Nucera at 19 euros ($20.76) to 21.50 euros per share, the hydrogen unit said on Friday.

Nucera said the offer period is expected to open from June 26 to July 5 with the first day of trading scheduled for July 7.

Gross proceeds of the sale of new shares are expected to reach between 500 and 566 million euros.

($1 = 0.9152 euros)

(Reporting by Anna Mackenzie, editing by Kirsti Knolle)

Tags epus finance ipo nucera thyssenkrupp