Novomatic Considers Bond as Market Dip Dampens IPO Prospect

Novomatic AG, the world’s second-largest maker of slot machines, may sell bonds instead of holding an initial public offering after Austria’s benchmark stock index lost a quarter of its value this year.

“A bond is an option,” Chief Executive Officer Franz Wohlfahrt, 52, said in an interview at the company’s Gumpoldskirchen, Austria headquarters. “There are arguments against an IPO.”