Thyssenkrupp Nucera IPO price range set below expectations
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.