TK Elevator Is Said to Seek Bank Pitches for Top Roles on IPO

TK Elevator’s private equity owners have asked banks to pitch for top roles on an initial public offering of the company, which could be one of Europe’s largest in years, according to people familiar with the matter.

Advent and Cinven — the owners of TK Elevator — will pick the global coordinators in January or February, the people said. A listing could take place as soon as next year, said the people, who asked not to be identified as the information is private.

The buyout firms are considering listing TK Elevator on a European exchange like Frankfurt, though they ...