Ottobock could see a valuation of more than $7 billion as it considers a possible initial public offering (IPO) in September or October, a person familiar with the matter told Reuters.
The source said that Hans Georg Naeder, Ottobock’s owner and chairman, and his family will likely put 25 percent to 30 percent of their shares up for sale in the IPO, but divesting in steps over time is also an option.
German business newspaper Handelsblatt first reported the potential valuation and possible listing structure last week, and quoted Ottobock CEO Oliver Jakobi as saying the company is ready for a potential IPO but that he would not elaborate further. A company spokesperson said there had been no final decision about the IPO.
Naeder put earlier plans to take Ottobock public on hold in 2022 because of choppy financial markets following Russia’s invasion of Ukraine.
