(News Bulletin 247) – thyssenkrupp and De Nora detailed on Friday the financial terms of the IPO of thyssenkrupp nucera, their subsidiary of electrolysis modules for the production of green hydrogen, which could value the entity between 2, 4 and 2.7 billion euros.
The two groups indicated this morning that the indicative range of the price of the operation had been set between 19 and 21.5 euros.
Knowing that 30.3 million new shares should be issued, including the over-allotment option, the size of the offer is expected between 500 and 566 million euros.
The pricing of the offer, thanks to which thyssenkrupp nucera intends to finance its development in electrolysis, is scheduled for July 5 and the start of trading of the shares on the Frankfurt Stock Exchange on July 7.
This IPO project comes as the hydrogen market is expected to increase sevenfold by 2050.
thyssenkrupp plans to remain a long-term shareholder of its subsidiary and to support its growth strategy.
The Italian De Nora, who owns 34% of the capital of thyssenkrupp nucera, also plans to continue his long-standing partnership with thyssenkrupp and thyssenkrupp nucera.
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