Prosthetics maker Ottobock prepares Frankfurt IPO

BERLIN, Sept 15 (Reuters) - German prosthetics maker Ottobock said on Monday that it is preparing for an initial public offering on the Frankfurt stock exchange.

"The IPO is expected to consist of shares from the holdings of the existing shareholder as well as newly issued shares from a capital increase with targeted gross proceeds of 100 million euros ($117.29 million)," the company said in a statement.

Ottobock is the world's largest maker of artificial limbs and braces that support patients' mobility, known as ortheses, but it is also investing in exoskeletons that help workers lift weights.

($1 = 0.8526 euros)