High Demand for Knorr-Bremse IPO

German manufacturer Knorr-Bremse reports a high level of interest in its upcoming IPO. In fact, the company is shortening its pre-sale offer period by a day. This pre-sale period is an opportunity for very large investors to purchase large blocks of the stock, typically at a discount.

Knorr-Bremse’s pre-sale offer period ends Wednesday. The stock goes on sale to the public on Friday. The Knorr-Bremse IPO is expected to be the largest in Germany this year.

According to Reuters,

Bankers and investors said the float was well supported because family-owned Knorr is viewed as an industry leader with a history of consistent profitability, differentiating it from other recent debutantes that are trading below their offer price.

Read more about the Knorr-Bremse IPO in the Financial Times.

Earlier in The Brake Report: Knorr-Bremse prepares for IPO

Ben Nussbaum
Ben Nussbaum

Ben Nussbaum, Chief Content Officer of The Brake Report, has more than 20 years experience in publishing. He was the founding editor for USA Today's line of special interest magazines and the founding editor for i5 Publishing's newsstand one-off magazine program. He lives outside Washington, D.C. Email him at [email protected].