De Nora’s bold IPO ambitions just took a cold shower. The Italian group of hydrogen components, electrodes and water treatments has set the price for its planned market listing at between 2.7 billion euros and 3.3 billion euros. That’s a reduction of at least 27% from earlier expectations of at least 4.5 billion euros .
De Nora, whose hydrogen components division might contribute only around 10% of total sales this year, may be persevering because it already secured backing for about 40% of the shares it plans to
sell. And the world’s long-term need for carbon-neutral fuels remains. The risk is that management winds up pulling the IPO anyway, or gives investors an overly cheap way into the low-carbon future.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pokemon Journeys Brings Back Alain's Mega Charizard X: WatchPokemon Journeys has officially brought Alain back to the anime with the newest episode of the [...]
Read more »
BTC, ETH and XRP Price Analysis for June 19Which coins have found the bottom so far? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
Italy's Drought Is Now So Intense, Old Shipwrecks Are Starting to EmergeA historic drought affecting Italy's largest river has brought a World War II-era shipwreck to light.
Read more »
McDonald's to pay France $1.25 billion in tax dispute.McDonalds will pay the equivalent of over $1 billion in fines and back taxes to French authorities, bringing an end to a yearslong dispute over alleged tax evasion.
Read more »
Looking to Put Itself on the Cultural Map, the Swiss City of Lausanne Just Opened a New Art Center the Size of Five Football Fields | Artnet NewsLooking to put itself on the cultural map, the Swiss city of Lausanne just opened a new art center the size of five football fields:
Read more »
New Samsung Wallet available today with integration of Samsung Pay, Samsung Pass, and cryptoICYMI: Samsung is now bringing back the Samsung Wallet app with a plethora of cool features and even crypto support.
Read more »