Multiple European news outlets have reported that Ottobock, Duderstadt, Germany, plans to file an initial public offering and have the company listed on the Frankfurt stock exchange in 2017. Hans Georg Näder, Ottobock president and CEO, is reported to have told Focus magazine that the company would limit its IPO to 25 percent of the shares and that the capital will be used for development and to help expand Ottobock’s market position.
The company is said to have generated sales of about $856 million in 2014.