Autobank IPO Marks a Strong Debut in Frankfurt

17 days ago

Louise Moon

"And then next to Frankfurt and an IPO. Autobank. Yeah. So Autobank is a really interesting firm. It's prosthetics firms. They make things like artificial limbs. They've actually partnered with the Parolympics since 1988, interestingly. So they listed in Frankfurt this morning. It's the biggest IPO in Germany in over a year and shares are well they've risen higher at one point they're about 11% higher than the offering price and that was at 66 a share which was the top end of the range. So they raised about just over 700 million euros for their IPO."

Louise Moon highlights the debut of Autobank on the Frankfurt stock exchange, emphasizing that it is the biggest IPO in Germany in over a year. The firm, specializing in prosthetics, has seen its shares surge up to 11% above the offering price, signaling strong investor interest and a robust market debut.

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