Deals

Siemens Healthineers Shares Jump After $5 Billion German IPO

Shares rise as much as 6.8 percent at the start of trading
IPO is a further move by Siemens CEO to dismantle conglomerate

Bloomberg’s Oliver Sachgau reports on the trading debut of Siemens Healthineers AG.(Source: Bloomberg)

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By Oliver Sachgau

March 15, 2018 at 6:27 PM UTC

Updated on

March 16, 2018 at 10:42 AM UTC

This article is for subscribers only.

Siemens Healthineers AG shares soared in their trading debut in Frankfurt after the health-equipment company’s German parent raised 4.2 billion euros ($5.2 billion) in the country’s second-biggest initial public offering in almost two decades.

Stock in the maker of medical scanners and X-ray machines rose as much as 6.8 percent and was 5.8 percent higher at 29.63 euros at 11:38 a.m. on Friday, giving a market value of 30 billion euros. Trading was delayed because of a technical glitch in the market.