Siemens Mulls Over U.S. IPO of Its Healthcare Biz
Siemens) is mulling the idea of a US initial public offering for its Healthineers healthcare business, according to a German newspaper which spoke to its chief exec.
The healthcare business, which Siemens rebranded last year to worldwide scorn, is the company’s most profitable unit with an estimated enterprise value of roughly €36 billion to €37 billion ($39 billion to $40 billion).
While the possibility of a US IPO is being considered, it’s not certain yet, CEO Joe Kaeser told Euro am Sonntag.
The healthcare business, which Siemens rebranded last year to worldwide scorn, is the company’s most profitable unit with an estimated enterprise value of roughly €36 billion to €37 billion ($39 billion to $40 billion).
While the possibility of a US IPO is being considered, it’s not certain yet, CEO Joe Kaeser told Euro am Sonntag.