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 those with knowledge of the plans. The Näder family, who control Ottobock through a holding company, are considering offering between 25 and 30 percent of the company’s shares to the public, potentially in stages.
“We are prepared for a possible IPO” stated Oliver Jakobi, CEO of Ottobock, in a report by the “Handelsblatt”. The company declined to comment further on specific plans when contacted by the publication.