Knorr-Bremse kicks off Frankfurt IPO

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Knorr-Bremse kicks off Frankfurt IPO

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The logo of Knorr-Bremse AG is seen on the roof of the company's headquarters in Munich, Germany, 25 March 2014. The manufacturer of braking systems for railway and utility vehicles presents its annual results 2013 on 25 March 2014. Photo: NICOLAS ARMER/DPA | Nicolas Armer/DPA/PA Images

Knorr-Bremse, the historic German manufacturer of brake systems for trucks and trains, has started one of the largest German IPOs of the year, having filed an intention to float document on Monday morning.

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