Latham Advises Bank Consortium on thyssenkrupp nucera IPO

Latham & Watkins has advised the syndicate of banks on the initial public offering (IPO) of thyssenkrupp nucera AG & Co. KGaA (thyssenkrupp nucera) on the Frankfurt Stock Exchange. thyssenkrupp nucera is a global supplier of electrolysis technologies, including water electrolysis for the production of green hydrogen, majority-owned by thyssenkrupp. As part of the IPO, around 30 million shares were placed at a price of €20.00. The gross proceeds accruing to thyssenkrupp nucera amount to approximately €526 million. The final offer price corresponds to a market capitalization of €2.53 billion.

The shares are admitted to trading on the regulated market of the Frankfurt Stock Exchange (Prime Standard).

The Latham team was led by Frankfurt partners Oliver Seiler and David Rath, with London partner Ryan Benedict and Frankfurt associates Alexandre Maturana and Jennifer Thiessen, and Milan capital markets lawyer Irene Pistotnik.