Deals
Germany’s Schott Raises €813 Million in IPO of Medical-Glass Arm
- Frankfurt playing prominent role in quiet European IPO market
- Schott Pharma prices IPO at €27, in upper half of range
The bull and bear statue outside the Frankfurt Stock Exchange
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Schott AG will raise at least €813 million ($854 million) from the initial public offering of its specialty medical-glassware unit, marking the biggest German stock listing this year.
The offering of Schott Pharma AG shares was priced at €27 apiece, in the upper half of an initial range of €24.50 to €28.50, according to a statement Wednesday. The new stock is set to start trading in Frankfurt on Thursday.