German property developer Instone targets March IPO: sources

German property developer Instone targets March IPO: sources

The company is working with Morgan Stanley, BNP Paribas and Unicredit as bookrunners on the deal alongside global coordinators Deutsche Bank and Credit Suisse, the sources said.

Instone and the banks declined to comment or were not immediately available for comment.

The transaction, which may value the company at 700 to 800 million euros ($845-970 mln), joins Siemens' Healthineers unit and healthcare group Dermapharm, both of which plan to go public before Easter as well.

(Reporting by Arno Schuetze and Alexander Hübner; Editing by Georgina Prodhan)

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