Photo: ReutersLondon: The potential value of Siemens AG’s health-care unit in an initial public offering (IPO) is slipping based on early investor feedback, according to people with knowledge of the matter. Buyers are indicating that the business should be valued in a range of about €26 billion ($32 billion) to €30 billion, the people said, asking not to be identified because the details aren’t public. The health-care unit could be valued at €30 billion to €40 billion, they said. Siemens Healthineers is also betting on the success of its Atellica portfolio of lab equipment and products, launched in 2017. “Siemens has closed the gap relative to the competition,” Morgan Stanley analyst Ben Uglow said in a note in January, commenting on its market share.

Source: Mint February 27, 2018 13:18 UTC