Photographer: Jasper Juinen/Bloomberg

Philips to Raise as Much as $1.1 Billion From Lighting IPO

Updated on
  • Philips to sell stock at 18.50 euros to 22.50 euros a share
  • Sale to value whole lighting unit at as much as $3.8 billion

Royal Philips NV is seeking to raise as much as 970 million euros ($1.1 billion) from the initial public offering of a 25 percent stake in its lighting unit in Amsterdam after a private sale process didn’t result in a deal.

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