German firm to list in September

BERLIN:

German artificial limb maker Ottobock is waiting until September to launch its multibillion-euro stock market listing because of choppy financial markets, four people with knowledge of the matter said. Many investors had expected the business, which could be valued at more than €5 billion ($5.7 billion), to float in the first six months of the year, after it engaged banks to prepare last summer. Now Ottobock has decided to bide its time ahead of a listing in Frankfurt, the people said. The company told Reuters on Friday that while it continued to prepare for a stock market listing, no final decision to do one had been taken. 

Published in The Express Tribune, February 20^th, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.