German firm to list in September
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 20th, 2022.
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