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Siemens spins-off Siemens Healthineers via IPO; raises €4.2bn
04 Aug 2020
Executive Summary
German engineering firm Siemens AG spun-off its medical equipment unit Siemens Healthineers AG (aka Siemens Healthcare GMBH) via an initial public offering of 150mm shares (including full exercise of the 19.6mm share over-allotment option) at €28 ($34.44; mid-point of €26-€31 price range) on the Frankfurt Stock Exchange. Siemens AG itself sold off a 15% stake (and will continue to own 85% in Healthineers) with retail investors allocated 7.6% of the placement (offer was oversubscribed).
Deal Industry
- Medical Devices
-
Medical Devices
- Monitoring Equipment & Devices
-
Diagnostic Imaging Equipment & Supplies
- Molecular Imaging
- MRI, NMR
- Ultrasound
-
In Vitro Diagnostics
- Chemistry, Immunoassay
Deal Status
- Final
Deal Type
-
Financing
- IPO
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Siemens spins-off Siemens Healthineers via IPO; raises €4.2bn
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