The Siemens group on Sunday evening announced data concerning the IPO of its healthcare arm, whose carve out has created the subsidiary Healthineers. 150 million shares will be listed in Frankfurt, with a price range set at €26 to €31 per share, corresponding to a maximum €4.65bn IPO value. Siemens yesterday confirmed it plans to list only 15% of Healthineers’ shares, therefore analysts at the Munich-based group have valued Healthineers €31bn, far below the value set by analysts’–at least €40bn. The shares will be offered from March 6th to March 15th and the division’s listing is expected for the following days. Healthineers’ IPO will be the biggest over the last 10 years for the German market. Healthineers yielded a revenue of €13.8bn in 2017, with an EBITDA of €2.5bn–that is 18.1%.