Its shares started trading at 20.20 euros ($22) on the Frankfurt stock exchange, slightly above the introduction price set for the stock, valuing the company at about 2.5 billion euros.
FRANKFURT, July 7 German industrial giant Thyssenkrupp launched the IPO of its hydrogen unit Nucera today, one of the biggest European market floatations this year as.
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Up to 30.3 million shares in Nucera will be offered to investors at a price between 19 euros ($20.76) and 21.50 euros, corresponding to a stock market value of between 2.4 and 2.7 billion euros, the hydrogen unit said. People familiar with the matter had told Reuters earlier this week that Nucera was expected to be valued at more than 3 billion euros. Nucera said the offer period is expected to run from June 26 to July 5, with the first day of trading scheduled for July 7.
Plant manufacturer Thyssenkrupp Nucera has received a major order to build electrolysers for a planned steel mill in northern Sweden. They are to produce hydrogen for the company H2 Green Steel in. | May 22, 2023