Ottobock celebrates strong stock market debut in Frankfurt

The issue of 12.2 million shares raised around 800 million euros, which were already heavily oversubscribed in advance. Around 19 per cent of the shares are now in free float. CEO Oliver Jakobi spoke of a new chapter for the family business founded in 1919. The company intends to invest primarily in human-machine interfaces. Owner Hans Georg Näder emphasised the social importance of Ottobock technologies, which enable people with disabilities to enjoy new mobility. With an increase in turnover to 760 million euros and a jump in profits to 175 million euros in the first half of the year, Ottobock is demonstrating its economic strength. The IPO underlines the potential of a company that successfully combines high-tech and humanity.