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NEW YORK (360Dx) – Siemens said on Sunday that its Healthineers business is expected to raise gross proceeds of between €3.90 billion ($4.80 billion) and €4.65 billion ($5.73 billion) from its initial public offering.

Siemens said it plans to list Siemens Healthineers on the Regulated Market of the Frankfurt Stock Exchange on March 16 at a price per share of €26 to €31. The offering will comprise 150 million registered shares of Siemens Healthineers, consisting of about 130 million base shares and 19.6 million shares to cover any overallotment.

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