Private equity firm EQT has mandated several investment banks to explore strategic options for hearing aid manufacturer WS Audiology, including a potential initial public offering in Copenhagen, Bloomberg News reports, citing sources.

A listing could take place as early as next year, though no final decisions have been made.

EQT holds approximately a 49 percent stake in the company, which was formed in 2019 through the merger of Sivantos and Widex. The remaining shares are held by an investment vehicle controlled by the Tøpholm and Westermann families, alongside the Lundbeck Foundation.