The potential value of Siemens AG’s health-care unit in an initial public offering is slipping based on early investor feedback, according to people with knowledge of the matter.
Buyers are indicating that the business should be valued in a range of about 26 billion euros ($32 billion) to 30 billion euros, the people said, asking not to be identified because the details aren’t public. Executives at Siemens Healthineers are still meeting investors to gauge their appetite ahead of disclosing later this week a price range for the equity offering, the people said, adding that no final decisions have been made on the valuation.