German industrial conglomerate Siemens is debating a listing on a U.S. stock exchange for Siemens Healthineers when the division is spun off as an independent company later this year, according to a report by Reuters.
An article published February 10 in Reuters quoted an interview by German newspaper Euro am Sonntag with Siemens CEO Joe Kaeser, in which he revealed that the company is looking at listing Siemens Healthineers on a U.S. exchange rather than one in Europe.
Stock valuations on U.S. exchanges are higher right now than in Europe, which would make such a listing advantageous for Siemens, he told the newspaper.
Siemens is in the process of preparing an initial public offering for Siemens Healthineers that would open the company up to outside investors while Siemens retained a significant stake.
