(Reuters) -German prosthetics company Ottobock said on Tuesday it plans to raise about 807 million euros ($941.4 million) by pricing its planned initial public offering (IPO) at 66 euros per share. The world’s largest manufacturer of artificial limbs said that it will sell around 12.24 million shares at the upper end of its previously announced […]
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Prosthetics maker Ottobock plans to raise $941 million in German IPO
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(Reuters) -German prosthetics company Ottobock said on Tuesday it plans to raise about 807 million euros ($941.4 million) by pricing its planned initial public offering (IPO) at 66 euros per share.
The world’s largest manufacturer of artificial limbs said that it will sell around 12.24 million shares at the upper end of its previously announced price range of 62-66 euros.
The firm said it expects a valuation of 4.2 billion euros at this pricing.
The company plans to list on the Frankfurt stock exchange on October 9.
($1 = 0.8573 euros)
(Reporting by Gursimran Kaur and Abu Sultan in Bengaluru; Editing by Shailesh Kuber)