German medical tech firm Brainlab plans Frankfurt IPO in coming weeks
Berlin:
German medical technology
firm Brainlab is planning an initial public offering on the
Frankfurt Stock Exchange
in the coming weeks, the company said on Thursday.
The Munich-based company said it will list on the regulated market and aims to raise up to 200 million euros ($230 million) through the issuance of new shares.
The firm will use the capital increase to grow its business, with a focus on expanding into additional clinical applications, as well as strengthen its balance sheet.
The current owners also plan to place additional secondary shares to ensure significant free float, said the company.
Majority shareholder
Stefan Vilsmeier
, who founded the company 35 years ago and recently announced his retirement from the operational business, is set to continue to support the company as a long-term investor.
The initial public offering is being organised by Berenberg, Deutsche Bank, Commerzbank, Jefferies, and UniCredit.
Evercore is also advising the company, which has around 2,000 employees.
Brainlab's main products include software systems that are used as navigational tools by surgeons, for example during brain and hip surgery, and for spinal implants and fractures.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
20 minutes ago
- NDTV
FIR Against Supertech, Its Promoter For Defrauding IDBI Bank Of Rs 126.07 Crore
New Delhi: The CBI has registered an FIR against Noida-based construction firm Supertech Limited and its promoter R K Arora among others for allegedly defrauding IDBI Bank of Rs 126.07 crore, officials said Saturday. Arora has been named in the FIR alongside whole-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain, in addition to the Noida-based company, they said. On Saturday, the CBI conducted coordinated search operations at five locations linked to the accused," including official and residential premises in Noida and Ghaziabad," in connection with the case. During the raids, agency officials seized cash amounting to Rs 28.5 lakh, CBI's spokesperson said in a statement. The case was initiated following a complaint from IDBI Bank, which alleged that the accused had conspired to misappropriate sanctioned loan funds through fraudulent means. According to the FIR, the bank alleged that the company and its directors submitted forged documents to secure credit facilities under false pretences. The loan account was subsequently declared a wilful default and categorised as fraudulent, allegedly resulting in wrongful losses totalling Rs 126.07 crore to IDBI Bank Ltd., the CBI said.
Hindustan Times
30 minutes ago
- Hindustan Times
CBI books Supertech, promoter RK Arora over ₹126 crore worth IDBI Bank fraud
The Central Bureau of Investigation registered a case against Noida-based construction firm Supertech Limited and its promoter, RK Arora, for allegedly defrauding IDBI Bank to the tune of ₹126.07 crore, officials said. The FIR names the firm and Arora, along with the firm's full-time directors Sangita Arora, Mohit Arora, Parul Arora, Vikas Kansal, Pradeep Kumar, Anil Kumar Sharma, and Anil Kumar Jain. The central agency on Saturday carried out search operations at five locations linked to the accused, including official and residential premises in Noida and Ghaziabad, news agency PTI reported. The agency's spokesperson said in a statement that during these raids, CBI officials seized cash worth ₹28.5 lakh. The CBI case stems from a complaint registered by the IDBI bank, wherein it was alleged that the accused conspired to commit fraud and misappropriate sanctioned loan money. The central probe agency said the loan account was subsequently termed a wilful default and categorised as fraudulent. The fraud allegedly resulted in wrongful losses of ₹126.07 crore to the IDBI Bank Ltd. However, Supertech has not released any statement in this regard. Earlier in April, the Supreme Court had directed the CBI to register seven preliminary enquiries to probe the nexus between builders and banks under subvention schemes. The agency was told to probe several Supertech projects and the roles of banks which provided loans for their housing projects in the national capital region (NCR) and other states.
Hindustan Times
an hour ago
- Hindustan Times
Indian CEO gifts brand-new SUVs to 25 employees who stood by the company from day one
In a remarkable gesture of employee appreciation, a Chennai-based tech startup, Agilisium, gifted 25 brand-new Hyundai Creta SUVs to its long-serving employees during its 10th anniversary celebration. The grand event was held at the company's office in Chennai's World Trade Centre and witnessed the presence of over 500 employees, according to a report by The Hindu Businessline. (Also read: Chennai company gifts 28 cars including Mercedes Benz to employees to 'boost morale') Agilisium's official LinkedIn post featured images from the celebration and carried a heartfelt message: "We enthusiastically launched our 10th Anniversary Prelude Event—a moment dedicated to honouring our journey and anticipating the main celebration. Marking a decade of collective achievement and guided by our Founder & CEO, Raj Babu's unwavering commitment, we honoured employees who had completed ten years of service by gifting SUV cars. This act embodied our belief that giving back to our people is the foundation of lasting success." The message continued, 'This wasn't merely a recognition of tenure; it celebrated the spirit of generosity in our culture from the start. As long-serving colleagues drove off in their SUVs, they reflected on the journey, the challenges overcome, the teams they helped build, and the confidence in a shared future.' As per the LinkedIn post Founder and CEO Raj Babu also addressed the gathering and shared, 'Our success story belongs to each of you. Without your commitment, we would not be here. I'm honoured to gift SUV cars to those who stood by us from day one as a token of our deepest gratitude.' Apart from the car gifts, the company also rolled out performance-based pay hikes across all levels, further reinforcing its commitment to recognising talent and contribution. (Also read: Billionaire Kamath brothers gift ₹1.5 crore Mercedes to mom Revathi Kamath. Her reaction is everything) The post has gone viral, with several users praising the initiative. One user commented, 'One of the best things about Agilisium Consulting—how truly they value and appreciate their employees.' Another wrote, 'Wow, gifting SUVs is next-level appreciation! Ten years is such a like a true celebration of loyalty and teamwork.' A third added, 'Incredible to see a company that genuinely values its people. Hats off to the leadership for leading with heart.'
