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Publisher Springer Nature again postpones flotation - source

BERLIN, Oct 5 (Reuters) - Springer Nature is again postponing its plans to float on the German stock market after the coronavirus pandemic dealt a blow to its business in the first half of the year, a source familiar with the matter said on Monday.

The publisher of Nature and Scientific American, which competes with Relx Plc’s Elsevier unit and John Wiley & Sons, had been looking to raise around 1 billion euros ($1.2 billion) to pay down debt. (Reporting by Douglas Busvine; editing by Maria Sheahan and Thomas Seythal)

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