Medical Tech Firm Brainlab Announces Plan for Frankfurt IPO
Medical technology company Brainlab AG announced plans for an initial public offering on the Frankfurt Stock Exchange, becoming the latest German company to seek a listing this year.
The Munich-based company plans to list shares on the regulated market in the coming weeks, according to a Thursday statement. The capital increase of up to €200 million ($231 million) will be used to fund growth initiatives, strengthen the balance sheet and its sales teams, the company said. The offering will also include secondary shares, with the release not specifying the amount.
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