© Reuters.
German pharmaceutical company Schott Pharma is set to make its debut on the Frankfurt Stock Exchange, having set its initial public offering (IPO) price at €27 ($28.36). The pricing, announced on Thursday, falls within the projected range of €24.50 and €28.50.
The valuation puts Schott Pharma’s market capitalization at around €4.1 billion. The firm anticipates gross proceeds of €935 million from the sale of 34.6 million shares. The parent company, Schott, plans to retain a significant majority stake of at least 77% following the IPO.
In a noteworthy development, Qatar Holding has secured a 4.9% stake in Schott Pharma through an investment of €200 million. The IPO and subsequent listing on the Frankfurt Stock Exchange represent a significant milestone for Schott Pharma in its growth trajectory. It will be closely watched by investors and industry stakeholders alike as it unfolds.
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