Deutsche Börse just announced that Siemens Healthineers AG (ISIN: DE000SHL1006) today completed one of the largest German IPOs in recent years and is now listed on the Prime Standard of the Frankfurt Stock Exchange.
The Siemens Healthineers AG shares opened trading at €29.10, following an issue price of €28.00.
Placement volume amounted to 150 million shares, with a total of one billion shares admitted for trading. Deutsche Bank, Goldman Sachs and J.P. Morgan led the placement as joint global coordinators and are also acting as designated sponsors for Xetra trading. Baader Bank served as specialist on Börse Frankfurt.
Siemens Healthineers is the separately managed healthcare business of Siemens AG. According to company information, it supports healthcare providers worldwide to increase value by empowering them on their journey towards expanding precision medicine, transforming care delivery, improving patient experience and digitalising healthcare.
Siemens Healthineers is constantly innovating its portfolio of products and services in its core areas of diagnostic and therapeutic imaging and in laboratory diagnostics and molecular medicine. Siemens Healthineers is also actively developing its digital health services and enterprise services.