Posted 9/18/2023, 5:38:59 AM
German Glassmaker Schott Pharma Targets 4 Billion Euro Valuation in Pharma Packaging IPO
- Schott Pharma, a German glassmaker, is targeting a market cap of 3.69-4.29 billion euros in its upcoming IPO
- The company set an IPO price range of 24.50-28.50 euros per share
- At the middle of the price range, Schott would be valued at around 4 billion euros
- The IPO aims to spin off Schott's pharmaceutical packaging business
- Schott manufactures glass vials and other pharmaceutical packaging
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SRQHCCASRVJRXBO5YGU5KAM37Q.jpg)