Siemens Healthineers expects to complete its initial public offering (IPO) in the first half of the 2018 calendar year, according to parent company Siemens.
The IPO will consist of a secondary offering of shares from the existing holdings of Siemens, with the target-free float of a meaningful minority share expected to create a liquid market for Siemens Healthineers shares.
“Siemens Healthineers will complete its planned initial public offering in the first half of this year.“
This listing is planned on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange, and represents the market debut of Siemens Healthineers, which is considered by Siemens to be an increasingly high-priority target for investment.
Siemens perceives the healthcare market to be characterised by significant change and opportunity at present, which is why this IPO is being conducted to provide Siemens Healthineers with increased entrepreneurial flexibility and better growth prospects.
Michael Sen, chairman of the supervisory board of Siemens Healthineers and member of the Siemens managing board, said: "Siemens Healthineers is a premium asset and we have worked hard to now list such an exciting franchise. We expect the business to capitalise on its strengths even more effectively after the listing."
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