Siemens Healthineers, the German industrial conglomerate’s largest and most profitable division, is worth roughly $47.49 billion.
Siemens (NYSE:SI) said this week that it’s planning to list its healthcare business on the Frankfurt Stock Exchange during the first half of 2018 in an initial public offering that could fetch nearly $12 billion.
Siemens Healthineers, the German industrial conglomerate’s largest and most profitable division, is worth roughly $47.49 billion (€40 billion). The company plans to list 15% to 25% of Healthineer’s shares, for a range of $7.12 billion to $11.87 billion (€6.0 billion to €10.0 billion).
Although Healthineers chairman Michael Sen recently emphasized the draw of a Wall Street listing, CFO Ralf Thomas said last month equated the value of staging a flotation in New York City and a Frankfurt listing, according to news reports.
