Germany’s Schott Raises €813 Million in IPO of Medical-Glass Arm

Schott AG will raise at least €813 million ($854 million) from the initial public offering of its specialty medical-glassware unit, marking the biggest German stock listing this year.

The offering of Schott Pharma AG shares was priced at €27 apiece, in the upper half of an initial range of €24.50 to €28.50, according to a statement Wednesday. The new stock is set to start trading in Frankfurt on Thursday.

Scott, a maker of specialty-glass products that’s owned by the Carl Zeiss Foundation, is selling 30.1 million shares in the base offering. If there’s sufficient demand for underwriters to place additional ...