Prosthetics maker Ottobock plans to raise $941 million in German IPO

+0.22%

+0.19%

+0.31%

Dow Jones Industrial Average

DJI

47954.99

+0.22%

S&P 500 index

SPX

6870.40

+0.19%

NASDAQ

IXIC

23578.13

+0.31%

Oct 7 (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)

((Abu.Sultan@thomsonreuters.com;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.