According to the Financial Times, Ottobock is planning an initial public offering (IPO) in Germany later this year, aiming to raise about €1billion (approximately $1.05 billion USD).
The Financial Times’ sources were not named but are referred to as “several people familiar with [Ottobock’s] thinking.” Two of the sources said some of the money raised would be used to pay back a €1.1 billion loan that Näder Holding, Ottobock’s holding company, took out last year to buy back a minority stake from private equity investor EQT. Deutsche Bank, Goldman Sachs, BNP, and law firm Freshfields are believed to be preparing the IPO, the sources said.
Ottobock told the paper that it was “continuously evaluat[ing] all possible options,” including a potential IPO, but that “no decision has been made in this regard so far.”
In 2024, Hans Georg Näder, Ottobock’s owner, told German newspaper Handelsblatt that the company was “just waiting for the right market conditions” to advance the IPO.
