Stada Resumes Investor Meetings for September IPO
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Stada Arzneimittel AG has resumed meeting investors for its initial public offering and could test a difficult first-time share sale market as soon as September, according to people familiar with the matter.
The German drugmaker has started seeing prospective investors again this month as it's pressing ahead with the first-time share sale, the people said, asking not to be identified as the information is private. Stada's private equity firm owners Bain Capital and Cinven are seeking a valuation of about €10 billion ($11.7 billion) for the business in a listing, but that could change depending on investor feedback, the people said.
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