Siemens Healthineers: shares jump in Frankfurt debut
(CercleFinance.com) - Siemens Healthineers saw its shares leap over 7% on its market debut on Friday, largely outperforming the German benchmark stock index, which itself is up a mere 0.
1%.
Shares of Siemens' healthcare unit are currently up 7% at 29.99 euros, valuing the company at around 30 billion euros.
At 29.1 euros per share, the first quotation was already well above the final IPO price of 28 euros.
However, certain analysts consider that the placement price was "not very aggressive".
"At this stage, the final price leaves room to hope for some upside for the new share if it performs well in its operations," Parisian broker Oddo BHF commented.
"However, the risks of a placement of additional shares by Siemens (lock-up period of 180 days) could also slow this trend," it warned.
Free float now accounts for 15%, while Siemens holds an 85% stake in the company after its IPO.
In fiscal 2017 ended 30 September 2017, Siemens Healthineers generated revenue of 13.8 billion euros and earnings of 2.5 billion euros. The group has around 48,000 employees worldwide.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1%.
Shares of Siemens' healthcare unit are currently up 7% at 29.99 euros, valuing the company at around 30 billion euros.
At 29.1 euros per share, the first quotation was already well above the final IPO price of 28 euros.
However, certain analysts consider that the placement price was "not very aggressive".
"At this stage, the final price leaves room to hope for some upside for the new share if it performs well in its operations," Parisian broker Oddo BHF commented.
"However, the risks of a placement of additional shares by Siemens (lock-up period of 180 days) could also slow this trend," it warned.
Free float now accounts for 15%, while Siemens holds an 85% stake in the company after its IPO.
In fiscal 2017 ended 30 September 2017, Siemens Healthineers generated revenue of 13.8 billion euros and earnings of 2.5 billion euros. The group has around 48,000 employees worldwide.
Copyright (c) 2018 CercleFinance.com. All rights reserved.