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Ottobock IPO: Prosthesis Maker Goes Public on Frankfurt Stock Exchange

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Ottobock, Leading Prosthetics Maker, revives IPO Plans Amidst Strong Growth

berlin – Ottobock, a global ​leader in prosthetics, orthotics, adn wearable robotics, ‍has announced its intention to pursue an initial public offering (IPO) on the stock market, marking the first major German listing since the summer break. The move comes as the company experiences robust financial performance​ and aims to accelerate investment in cutting-edge technologies.

Ottobock’s decision to go public is notable for both the healthcare⁢ technology sector and the German economy, signaling ⁣renewed ‌confidence in IPO activity. The company,renowned for its high-tech arm and leg prostheses,wheelchairs,and ‍exoskeletons,supports individuals worldwide in regaining mobility. The IPO is expected to raise ‌approximately €100 million for the company, valuing it around €6 billion, and will allow Ottobock to further expand its global reach and innovation in the ⁢field of “Human Bionics.”

The company, primarily owned by the Näder family, anticipates a swift listing process, typically completed within four weeks of launch. The offering will include existing shares from ⁣the family alongside the newly issued shares. Proceeds from the IPO are earmarked for reinvestment into⁤ the business, fueling ​further technological‌ advancements.

Ottobock’s financial performance underscores the rationale for the IPO. ‍In 2024, the ​company’s ‌9,300 employees generated a global‍ revenue of €1.43 billion. This momentum continued into‍ the first half of 2025, with revenue increasing by 14 ​percent to €760⁤ million.

“The‍ planned IPO will enable Ottobock to invest even more strongly ⁣in new technologies, expand its ‍global⁣ presence, and continue to set new standards in Human⁣ Bionics,” stated CEO ⁢Oliver Jakobi.

The IPO also presents a potential chance‌ for the Näder family to alleviate financial ⁤pressures stemming‍ from the⁢ 2024 repurchase of shares​ from the investment firm EQT, a transaction financed through considerable borrowing. Funds raised through the IPO ‌could be used to ‍reduce ⁢this debt.

Ottobock previously attempted an IPO in 2022, but ultimately withdrew the plan. This time, bolstered by strong‍ financial results⁢ and a favorable market surroundings, the company is confident in its prospects. The‌ IPO is being managed by BNP Paribas, ⁣Deutsche Bank, and Goldman Sachs.

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Business

Via IPO: Stock Opens Below Price, Then Recovers

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Via Shares Close⁤ Slightly Above IPO Price in First day of trading

NEW YORK – Via Transportation,a⁤ leading ⁢provider of on-demand transit technology,concluded ‌its first day of trading as a public company ​with shares closing slightly above its initial public offering (IPO) price. The companyS‍ debut on the Nasdaq comes after raising‌ $100 million through its‌ IPO, a move CEO Damiel Ramot says will​ bolster growth, sales, and marketing efforts, and potentially fund future acquisitions.

Via initially launched ​in 2012⁤ by operating Via-branded shuttles,but has since pivoted⁣ to focus on its core business: a real-time routing algorithm that powers microtransit solutions for cities and transit agencies. The company’s technology is currently utilized by 689 cities and​ transit agencies globally. Ramot emphasized⁢ the ⁤successful IPO reflects “the durability of⁤ the company,” adding, “We are grateful for the feedback and support from our team, ‍partners, and investors⁣ who made this milestone possible.”

The company​ intends to leverage the funds raised not for immediate operational needs, but for strategic​ expansion. Ramot indicated‌ a willingness to ‌explore acquisitions similar to those of Remix, a bus planning company acquired in 2021 for ⁣$100 million, and CityMapper, a journey planning​ app purchased in 2023. He clarified⁣ that future acquisitions would focus​ on complementary technologies‍ rather than market share gains.

Via’s ⁤financial performance‌ demonstrates meaningful growth, with revenue increasing approximately ⁤30% year-over-year. ‌The company projects $429 million in revenue for 2025, based on its current quarterly performance. In the first six months⁤ of 2025,Via⁣ generated $205.7 million in revenue, while simultaneously⁢ reducing its losses to $37.5 million, down from $50.4 million during​ the same period last year.

while still ⁢operating at a loss, Ramot stated Via is ⁢nearing profitability, though​ he declined⁤ to provide specific ⁤projections.He highlighted the company’s success as evidence that serving government customers can be a sustainable and lucrative business model, especially⁤ in supporting riders of microtransit‍ and paratransit⁤ systems.

“Low income people, people with disabilities, students ⁣- those are the demographics that we typically support,”‌ Ramot saeid. “It’s really‌ nice to see investors​ actually support that.”

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World

Klarna IPO: Can AI Fix Broken Finance?

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Klarna‘s IPO and ​the AI-Driven⁤ Future of ⁢Banking: A Cautionary Tale for Customary Institutions

Klarna’s​ highly ⁢anticipated initial public offering (IPO) isn’t just a⁤ float for a​ payments firm; it represents⁢ a pivotal test of a new financial operating model centered around artificial intelligence (AI). As banks and fintech companies observe, the potential benefits are important‍ – dramatically reduced marginal costs, personalized customer experiences ‌at⁢ scale, and compliance‌ integrated directly into algorithmic processes.However, a critical question remains: does‍ this model overreach, perhaps sacrificing⁢ crucial human oversight and ​creating systemic vulnerabilities?

The company’s shift​ towards AI-driven efficiency is ⁣a purposeful strategy to build a business model that⁤ can withstand multiple credit cycles. this isn’t about incremental improvements, but a essential rethinking of how financial ⁢institutions operate,‌ from cost structures to key ​performance indicators (KPIs). Klarna’s approach forces a ‍re-evaluation of traditional metrics and highlights the need for a focus on productivity and scalability.

for other financial institutions, Klarna’s ‍experiment offers a practical lesson: AI adoption shouldn’t be limited to isolated pilot programs ‍or consumer-facing applications. True ⁢transformation requires embedding AI across the entire‍ business – in customer service, ⁣underwriting, fraud detection, and core ‍operations – simultaneously.

Key Takeaways for Financial Leaders:

The Klarna pivot suggests three crucial takeaways for senior leaders in the financial services⁢ industry:

  1. redefine Metrics of Success: Traditional banking KPIs like​ loan growth or branch footprint are becoming insufficient in the age of AI. More relevant‍ indicators include productivity-adjusted measures, revenue per employee, cost per transaction, and AI coverage ⁢ratios, ⁢which better reflect efficiency ‍gains.
  2. Move Beyond Pilots: Many banks ⁢have initiated AI projects, but too frequently enough thes remain confined to testing⁣ environments. Klarna demonstrates what full integration looks like, with AI woven into ⁣the fabric of its operations.
  3. prioritize Resilience: Efficiency ⁣alone is not enough.‌ Executives⁢ must rigorously stress-test AI-driven models ⁤against adverse⁢ scenarios, including higher default ⁤rates, evolving regulatory landscapes, and potential system outages. Lasting‌ competitive advantage will stem from a combination of efficiency and resilience.

The success of Klarna’s IPO will ​serve as a‍ public​ benchmark for the commercial viability of Siemiatkowski’s vision. If the⁢ company can demonstrate ‍that AI⁣ delivers substantial improvements beyond superficial enhancements, it could establish a new precedent for the entire sector. Conversely, a disappointing outcome could be ‍interpreted as another instance of fintech​ overhype, relying on unproven tools to chase ‍margins.

Regardless of the immediate outcome, the ​implications extend‌ far beyond Stockholm and Wall Street. For an⁣ industry grappling with the challenge of balancing‌ growth ‍and profitability, Klarna is posing the most⁢ pressing question in finance today: can AI fundamentally transform not just financial products, but the very economics of banking?

For further insights, ⁢explore related‌ articles on Forbes: When Payments Become Strategy,‍ Not Just ⁢Plumbing and The Responsible Use Of AI‍ In ‌Retail And Finance.

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Sport

China Investment Fuels Thailand’s Green & Intelligent Development

by Alex Carter - Sports Editor
written by Alex Carter - Sports Editor

Thailand Courts chinese Investment for Green Transition, Eyes 30% EV Production by 2030

Bangkok, Thailand – Thailand is actively seeking increased investment from Chinese companies, particularly in the burgeoning sectors of new energy vehicles (NEVs), digital technology, electronics, and semiconductor manufacturing, as it accelerates a shift towards a green economy. This push comes as Thailand aims to have NEVs comprise 30% of its total automotive production by 2030, according to comments made by Thai Deputy Prime Minister and Minister of Commerce, Jurin Laksanawisit (frequently enough referred to as “Zhula” in the original reporting).

This growth signals a deepening economic partnership between Thailand and China, leveraging Chinese technological prowess to bolster Thailand’s industrial capabilities and meet global sustainability goals.

A Strategic Shift in Southeast Asia’s Automotive Hub

Thailand has long been a dominant force in automobile production within Southeast Asia. Recognizing the global trend towards electric vehicles,the Thai government is proactively incentivizing the transition. This isn’t simply about swapping engines; it’s about building an entire ecosystem.

laksanawisit highlighted the influx of Chinese automotive manufacturers establishing facilities within Thailand’s “Eastern Economic Corridor” (EEC). This corridor, spanning the provinces of Chachoengsao, Chonburi, and Rayong, is a key component of Thailand 4.0,the country’s national development strategy focused on innovation and high-value industries. Companies like BYD, Great Wall Motor, and SAIC Motor have already committed notable investment to the EEC, establishing production bases and research & development centers.

The arrival of these automakers isn’t happening in isolation. Crucially, it’s attracting a wave of supporting industries – battery manufacturers (like CATL, also investing in the EEC), parts suppliers, and charging infrastructure providers – creating a comprehensive NEV supply chain within Thailand.This vertical integration is vital for long-term sustainability and competitiveness.

Beyond Automotive: Green Port Development & Digital Collaboration

The collaboration extends beyond the automotive sector. Laksanawisit emphasized Thailand’s commitment to greening its port infrastructure and identified areas where Chinese technological expertise can be particularly valuable, specifically in port artificial intelligence and automation. Thailand’s major ports, including Laem Chabang (the country’s largest deep-sea port) and Map Ta Phut, are undergoing modernization efforts, and Chinese companies are well-positioned to contribute to these projects.

During a recent investment-attraction trip to Shanghai, Laksanawisit expressed his consistent positive impressions of Chinese companies’ dedication to research and development, noting the high volume of patent applications. This underscores the innovative capacity Thailand hopes to tap into.

Investment Incentives & Strengthening Ties

To further attract foreign investment, the Thai government is offering a range of incentives through the EEC, including streamlined processes for factory land acquisition, employee visas, and work permits. These measures are designed to reduce bureaucratic hurdles and create a more favorable investment climate.the timing of this intensified collaboration is significant. 2025 marks the 50th anniversary of diplomatic relations between China and Thailand,a milestone celebrated as the “Golden 50 Years of China-Thailand Friendship.” Laksanawisit characterized the relationship as “as close as brothers,” emphasizing the strong people-to-people connections and the substantial benefits of existing trade and investment ties. Bilateral trade between the two countries reached $108.17 billion in 2023, according to the Chinese ministry of Commerce.This renewed focus on Chinese investment is poised to inject significant momentum into Thailand’s economic development, driving its transition towards a more enduring and technologically advanced future.

Key Details Not in Original Article:

Specific Company Names: BYD, Great Wall Motor, SAIC Motor, CATL.
 EEC Provinces: Chachoengsao, Chonburi, and Rayong.
Major Thai ports: Laem Chabang, Map Ta Phut.
 Bilateral Trade Volume: $108.17 billion (2023).
Thai Government Initiative: Thailand 4.0.
 Deputy Prime Minister’s Full Name: Jurin Laksanawisit.

Angle to Focus On: The strategic importance of the EEC as a hub for green technology and manufacturing in Southeast Asia,and how Thailand is positioning itself to become a key player in the global EV supply chain.

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Business

PMUI Call the underwriter with the promise! Stocks only sell 25%

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Indonesia Stock Exchange Probes Prima Multi Business IPO Confusion

Underwriter commitment questioned after slow market uptake

The Indonesia Stock Exchange (BEI) is investigating the troubled initial public offering of PT Prima Multi Business Indonesia Tbk (PMUI). Questions swirl around underwriter obligations, as the offering faced unexpectedly weak market demand.

Independent Commissioner Speaks Out

Independent Commissioner **Theo Sekatompessy** addressed the situation, detailing events that transpired during the IPO. According to **Sekatompessy**, PMUI fulfilled all obligations as an issuer, including contracts with underwriters and payments to supporting institutions. The company also successfully passed feasibility testing by the IDX and OJK.

However, a snag arose during the final stage as the market failed to fully absorb the shares. “Very few are sold, about only 25% of the total shares,” **Sekatompessy** said. He estimated that approximately 290 million shares were successfully sold to the public.

Full Commitment Under Fire

**Sekatompessy** highlighted the agreed-upon full commitment agreement with the underwriter, asserting that it should have ensured complete share absorption regardless of market interest. “So you can’t say it failed to sell, because it is already a full commitment,” he stated.

He further accused unnamed parties of evading responsibility and spreading confusing information on social media. Amidst this pressure, **Sekatompessy** claimed he was compelled to intervene directly. He added, “Well, in the end, yes, roughly, I was to wash the safe, to control this underwriter.”

In 2023, more than 70% of IPOs in the Asia-Pacific region were underwritten on a firm commitment basis, indicating the prevalence of this arrangement (S&P Global, 2024).

Company Overview

PT Prima Multi Business Indonesia Tbk (PMUI) is a national distributor of Xlsmart telecommunications products (EXCL) and mobile accessories affiliated with PT Graha Prima Mentari Tbk (GRPM). PMUI aimed to raise a maximum of Rp208.8 billion through its IPO.

PT Korea Investment and Sekuritas Indonesia, with the trading code BQ, served as the IPO’s implementing guarantor.

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Business

The transaction at the JCI was suddenly quiet, what’s up?

by Priya Shah – Business Editor
written by Priya Shah – Business Editor




Jakarta, CNBC Indonesia – Transaction value in the capital market in the last two days of trading is fairly quiet. For information the average daily transaction value over the past four weeks reached Rp 12.2 trillion.

Period 21-25 April 2025 The average daily transaction value reached Rp11.06 trillion, on 10-14 February 2025 Rp12.24 trillion, 20-24 January 2025 Rp12.45 trillion, and in the period 3-7 March 2025 reached Rp13.14 trillion.

Meanwhile in today’s trading, Monday (7/7/2025), the transaction value far left Rp 10 trillion or precisely Rp 7.48 trillion. On Friday last week, the transaction value was not up to Rp 8 trillion.

Composite Stock Price Index (CSPI) tends to move sloping in the last few days. However, earlier this week the JCI turned around the direction of parking in the green zone. After being stumbled in session I, the index suddenly soared in the final minutes and closed up 0.52% to the level of 6,900.

Associate Director of Investindo Sekuritas Pillarmas Maximilianus Nicodemus said, there are several factors that cause the shares market to the country is quiet. In the midst of situations and conditions full of uncertainty, market participants and investors tend to find shares that do provide great probability in price increases.

“The high uncertainty due to the end of July 9, coupled with a feud between BRICS and Trump, which has the potential to raise higher rates,” he told CNBC Indonesia, Monday (7/7/2025).

In addition, a row of IPO shares that are in the offer period has drawn the attention of many investors. Moreover, companies that are floor also have good fundamentals and have the potential for valuation in the future.

“This is what makes the attention of market participants and investors focused on the IPO shares, and queued in buying. The queue process is also held in the money to be held or there can also be new to Block H-1 before ordering the IPO is over,” he said.

The same thing was also said by Market Analyst Mirae Asset Sekuritas Nafan Aji Gusta said, the market looked at the limit of the tariff time of July 9, 2025 which was getting closer, especially now that there was a trade agreement that was still difficult to achieve which made US President Trump announce a new tariff for 12 countries this Monday.

Technically, he said, the movement of CSPI was consolidated. “Mixed indicators. The Stochastics KD shows a negative signal, the volume decreases, but the RSI is oversold,” he said.

However, the Indonesian foreign exchange reserve data as projected to be more adequate to become positive in supporting the resilience of external sectors and maintaining macroeconomic and financial system stability.

Separately, Doo Financial Futures’s currency analyst, Lukman Leong, said that investors still tend to wait and see The development of Trump tariffs, with a delay that should be effective ended the day after tomorrow.

“The majority of the Asian regional index in ranges and tend to be depressed (except Singapore as a trade hub which is estimated to be able to benefit from the tariff war),” he concluded.

(mkh/mkh)

[Gambas:Video CNBC]




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