German industrial conglomerate Siemens plans to launch the initial public offering (IPO) of its Siemens Healthineers division in March, according to a news report by Reuters.
Siemens hopes to take advantage of favorable conditions in the stock market while they last, Reuters reported. Siemens will announce the IPO in early March, with the actual deal taking place four weeks later, according to the article.
Siemens has said that it plans to float shares of Siemens Healthineers to give the division more flexibility to make mergers and acquisitions. The company is expected to sell shares representing 15% to 25% of the health division to the public and retain the rest. The IPO will take place on the Frankfurt stock exchange.
