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FRANKFURT - Goldman Sachs Bank Europe SE has conducted stabilization activities for Ottobock SE & Co. KGaA shares following the medical technology company’s initial public offering, according to a mid-stabilization notice released Monday.
The stabilization period began on October 14 and last occurred on October 22, with transactions taking place primarily on the Frankfurt Stock Exchange’s XETRA platform. The shares were initially offered at €66.00 per share.
During the stabilization period, the share price fluctuated between a low of €63.50 and the offer price of €66.00. The base offering consisted of 10,640,151 ordinary bearer shares, excluding the over-allotment option.
Goldman Sachs Bank Europe SE acted as the stabilization manager for the offering, conducting transactions across several trading venues including the Frankfurt Stock Exchange, XETRA, BATS Europe, Chi-X Exchange, Munich Stock Exchange, Stuttgart Stock Exchange, and Turquoise MTF.
The lowest trading point occurred on October 20 when shares reached €63.50, while shares returned to the original offer price of €66.00 on multiple trading days during the stabilization period.
Ottobock, known for its prosthetics and orthopedic products, completed its IPO earlier this month after setting its final offer price at €66.00 per share.
The information was disclosed in a regulatory announcement in accordance with EU market regulations for stabilization activities following public offerings.
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