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Siemens spins-off Siemens Healthineers via IPO; raises €4.2bn

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
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
  • Medical Devices
    • Diagnostic Imaging Equipment & Supplies
      • MRI, NMR
      • Molecular Imaging
      • Ultrasound
    • Monitoring Equipment & Devices
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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