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Ottobock Sets IPO Price Range at €62–€66 Ahead of Oct. 9 Frankfurt Debut

Proceeds will bolster finances to support potential acquisitions.

Overview

  • The price range implies a market capitalization of roughly €4.0 billion to €4.2 billion.
  • The offering size is expected to total about €766 million to €808 million.
  • The subscription period is scheduled for September 30 through October 7, with first trading planned for October 9.
  • Approximately 19% of shares are expected to be in free float, leaving the founding family with majority control.
  • Ottobock says the funds will strengthen its balance sheet and position it for targeted purchases.