Freshfields Advises Ottobock on Successful IPO at Frankfurt Stock Exchange
"Global law firm Freshfields has advised Ottobock SE & Co. KGaA on its initial public offering (IPO), which was successfully listed on the Frankfurt Stock Exchange at a price of €66 per share, resulting in a market capitalization of approximately €4.2 billion. The IPO raised around €807.6 million, with a potential free float of up to 19.1%. Following the IPO, Näder Holding GmbH & Co. KG will retain at least 80.9% of Ottobock's share capital. Freshfields provided comprehensive legal support on capital markets, corporate, and employment law matters related to the IPO and also assisted with refinancing for Näder Holding."