Siemens Firms Up Healthineers IPO Plans

02/19/18 02:46 AM EST
   By Nathan Allen 

Siemens AG (SIE.XE) plans to float a "meaningful minority" stake in its Healthineers unit on the Frankfurt Stock Exchange in the first half of 2018, the company said Monday.

The listing will take the form of a secondary offering of shares from Siemens's existing holding, the company said in a press release.

It didn't specify the exact size of the stake or give a date for the market debut.

Siemens said it plans to retain a majority stake in the listed company for the long term, and it is targeting a dividend payout ratio of between 50% and 60% of net income.

Analysts estimate that Healthineers could have an enterprise value of up to $47 billion, and expect the listing to be Germany's largest public offering since Deutsche Telekom's IPO in 1996.


Write to Nathan Allen at


(END) Dow Jones Newswires

February 19, 2018 02:46 ET (07:46 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.