General Electric is working with Goldman Sachs Group, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley on the planned listing. According to sources close to the company, a public filing is expected next spring. GE declined to comment. (Bloomberg)
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General Electric is working with Goldman Sachs Group, Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley on the planned listing. According to sources close to the company, a public filing is expected next spring. GE declined to comment. (Bloomberg)
Talking point: GE’s healthcare unit is its second-most profitable line of business; the company’s stock rose 5.4 per cent by Wednesday close. If the company does decide to take its healthcare side public, it would mirror Germany’s Siemens AG, which sold shares of its Healthineers medtech business in March. GE Healthcare made US$3.5 billion in 2017 on sales of US$19 billion. The unit specializes in medical equipment like MRI scanners. It also has a rapidly-expanding life-sciences division, which makes up about one-quarter of GE Healthcare’s sales.
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