5% in schott pharma.hat explains a little bit of the success story of the company here on the german market. it is the biggest ipo so far this year. next week, on wednesday, we get another big one which is a company producing components which will be a huge ipo in germany. >> all right annette, thank you for giving us an update. huge day for frankfurt don't forget, you can watch our interview with the schott pharma ceo at 11:15 cet that is a first on cnbc. >>> s.e.c. chief gary gensler said companies looking to go public in the u.s. should do it before tomorrow as the looming government shutdown would put agencies at a skeleton level a short timeline if you want to get an ipo one-day notice brian moynahan struck a cautious note with becky quick. >> there is a tremendous amount of activity that is sitting there. whether it is due to ipo or whether transactions with the buyouts and things it is not going to go without a certain amount of certainty. >> meaning nobody wants to bring a deal >> very strong comp

that would value schott pharma at 4.3 billion euros. this could be one of the biggest ipos in germany. pharma does apply to pharmaceutical. >>> bob van dijk is stepping down from prosus and naspers. he will give up his seat on the board for both companies. this is a complicated structure. luckily there is a man who is familiar with what's been happening. break it down for us. it's an interesting cross structure between the two companies. the acting ceo is stepping down. what's going on? >> what has actually happened here is something that was long touted as being too complex a structure. bob van dijk stepped in after the ceo stepped down in 2014. seen to be part of the ebay company at the time. this is a tech bohemoth that they're trying to grow. at the time naspers biggest investment has been ten cent. naspers made up nearly 25% of the johannesburg stock exchange which was a problem for a lot of fund managers. that needed to be diluted. they split off the 10 cent holding as well as the risk of some of the tech companies within naspers a