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German Medtech Shelves IPO After Investors Said to Pull Orders

German Medtech Shelves IPO After Investors Said to Pull Orders

Bloomberg18 hours ago
Medical technology company Brainlab postponed its initial public offering in Frankfurt on Tuesday after some investors withdrew their orders, according to people familiar with the matter, the latest deal to be shelved as Europe's market for new listings remains subdued.
An IPO at a later time for the Munich-based firm remains under consideration, according to a statement, which did not give a reason for the postponement. The deal had been expected to price at the low end of its marketed range, with enough investor demand to cover the offering multiple times at that level, according to terms of the offering seen earlier by Bloomberg.
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