Deals

Siemens Plans Health IPO Valuing Unit at $38 Billion

Price range set at between 26 euros and 31 euros a share
Company expects to generate between EU3.90b and EU4.65b

Bloomberg Gadfly’s Brooke Sutherland discusses the Siemens overhaul plan.(Source: Bloomberg)

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By Oliver Sachgau

March 4, 2018 at 4:13 PM UTC

Updated on

March 5, 2018 at 8:25 AM UTC

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Siemens AG will press ahead with an initial public offering of its health-care unit that could value it between 26 billion euros ($32 billion) and 31 billion euros as Chief Executive Officer Joe Kaeser unloads another key business at Europe’s largest engineering company.

The IPO of a 15 percent stake in Siemens Healthineers is planned for March 16, the Munich-based company said in a statement on Sunday. Siemens expects to generate 3.9 billion euros to 4.65 billion euros from the offering. The shares will be priced in a range of 26 euros and 31 euros each.