Siemens Sets Terms for Healthineers IPO, Expects to Raise Up To $5.7 Billion
By William Boston
BERLIN -- Siemens AG said Sunday that it would float about 15% of its health unit, Siemens Healthineers AG, setting the price between EUR26 and EUR31 ($32 and $38) per ordinary share and valuing the initial public offering at EUR3.9 billion to EUR4.65 billion.
Siemens said it would begin taking orders between March 6 and March 15 and that Siemens Healthineers shares would begin trading on the Frankfurt stock exchange on March 16.
The floatation comprises 150 million shares, including the Greenshoe option.
Write to William Boston at William.Boston@wsj.com
(END) Dow Jones Newswires
March 04, 2018 10:54 ET (15:54 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.