Siemens Healthcare to Go Public | Expected to Become Germany's Largest IPO

December 1 Pharmaceutical News Germany's Siemens business will be listed in Frankfurt, Germany, is expected to become the largest German since 1996 IPO (initial public offering).

Siemens chose to list for Siemens Healthcare in Frankfurt on Nov. 29, not in New York City. The FT's comments that Siemens' decision will undoubtedly boost the Deutsche Börse Group, which in large-scale enterprise Listing has been in the United States New York, London, England and Hong Kong Exchanges and Downs of China.

As part of the IPO, Siemens is expected to sell up to 25% of the shares.Dicro company data show that it will be the largest German IPO since Germany's telecommunications company went public in 1996.

Siemens has commissioned the Goldman Sachs Group, Deutsche Bank and the Bank of America as the lead underwriter.

The IPO will be the biggest move by Siemens CEO Joe Keizer to restructure the enterprise structure, according to Siemens vision plan released in 2014, Siemens will focus on core industries, divest other businesses, the formation of 'fleet' business model.

In the third quarter of this year, Siemens Healthcare sales of 3.7 billion euros (about 4.4 billion US dollars), is the most profitable sector Siemens, analysts believe that Siemens Medical valuation of about 40 billion euros (47.5 billion US dollars).

Siemens Medical Center to hospital Known for the sale of medical equipment, but its large profits from hardware and software mixed services, including consulting services.

Siemens Healthcare's Largest Market In the United States, the two largest markets after the United States are China and Japan, respectively, and the Financial Times quoted a source as saying that Siemens wanted to be considered a "truly global" company.

Ke Zeer once said that with the digital management and compliance with the trend of new energy, 'old-fashioned integrated big business ... absolutely no way out'.

He said Siemens' enthusiasm for strategic restructuring is not high, "Financial Times" interpretation alludes to the old rival of General Electric Company, Siemens.

Earlier this month, Siemens announced that it will lay off 6,900 people in the global energy sector, of which about half layoffs in Germany, triggering grievances and protests from local German employees.