Cheplapharm Arzneimittel GmbH, the German drugmaker, is weighing plans for an initial public offering in what could be one of Europe’s largest share sales of 2021, people familiar with the matter said.
Greifswald-based Cheplapharm is speaking with advisers about a potential listing as soon as this year, the people said, asking not to be identified discussing confidential information. A share sale could value the business at about 7 billion euros to 8 billion euros ($9.5 billion) or more, the people said.
The volume of fundraising from health-care listings globally has nearly doubled this year, as companies ranging from Carlyle Group Inc.-backed testing firm Ortho Clinical Diagnostics Holdings Plc to Beijing-based drug developer Joinn Laboratories (China) Co. rush to tap the market.
Source: Fortune
By Bloomberg, Manuel Baigorri, Dinesh Nair and Ruth David
