(Reuters) -Germany’s Ottobock expects a market valuation between 4 and 4.2 billion euros ($4.69 billion – $4.92 billion) at its planned initial public offering (IPO), the company said in a statement on Monday.
The world’s largest prosthetics manufacturer said its shares would be offered at a price range of 62-66 euros apiece and that the offer period would run from September 30 until October 7.
The firm plans to list on the Frankfurt stock exchange on October 9, adding that Hamburg-based billionaire Klaus Michael Kuehne and a fund run by the U.S. asset manager Capital Group will purchase shares as “cornerstone investors”
($1 = 0.8529 euros)
(Reporting by Paolo LaudaniEditing by Ludwig Burger)
