Stada Owners Said to Ask for IPO Pitches as Sale Talks Continue

Stada Arzneimittel AG’s private equity owners are looking to expand the bank lineup for a potential initial public offering of the German generic drugmaker, people familiar with the matter said, even as negotiations over a sale to buyout firm GTCR continue.

Bain Capital and Cinven invited banks to pitch for additional roles, including as bookrunners, for a listing of Stada, according to the people, who asked not to be identified as the information is private.

While Stada’s owners are still in talks about a deal with GTCR, there remains a discrepancy over valuation, the people said. No decisions have ...