Ottobock, a leading prosthetic manufacturer, is reportedly preparing for an initial public offering (IPO) on the German stock market. Sources close to the company and within financial circles indicate the debut could occur between late September and mid-October.
The company is currently valued at over six billion euros, according to these sources. The Näder family, which holds ownership of Ottobock through a holding company, is considering offering between 25 and 30 percent of the shares to the public, potentially in stages.
“We are prepared for a possible IPO” CEO Oliver Jakobi told the “Handelsblatt” newspaper. The company declined to comment on specific plans when approached by the publication.
