Market value of 3 billion euros! PHILPS lighting IPO shares rose 8% on the first day

Beijing time on May 27th, PHILPS lighting listed on the Holland stock exchange, stock prices rose on the first day of on Friday IPO. In the early trading of Euronext in Amsterdam, PHILPS lighting rose 8% to $20 ($22.36). IPO target price range between 18.50 euros per share to $22.50. Means that the market value of 3 billion euros PHILPS lighting, even the debt is calculated to be 4 billion 500 million euros, becoming the world's largest independent lighting manufacturers.

PHILPS Philips (Royal) spin off from the listing of PHILPS lighting (PhilipsLighting), the final price of 20 euros per share, slightly lower than the share price range of between $18.5 to $22.5. Means that the market value of 3 billion euros PHILPS lighting, even the debt is calculated to be 4 billion 500 million euros, becoming the world's largest independent lighting manufacturers.

PHILPS lighting was listed on the Amsterdam stock exchange in Holland on May 27th. In the early trading of Euronext in Amsterdam, PHILPS lighting rose 8% to $20 ($22.36).

The background of the IPO, as part of the restructuring of the Royal PHILPS group in Holland, the group chose to own 125 years of the lighting sector of the 25% shares for sale.

According to foreign media reports, PHILPS (Royal Philips NV) has announced on May 8th that it will spin off its lighting business of PHILPS lighting (Philips Lighting) IPO (initial public offering), for themselves in the future to become a provider of medical technology. After the IPO, PHILPS intends to sell all of the remaining shares held in the next few years, Pu lighting.

PHILPS was founded in 1891, is the first in the southern Holland city of Eindhoven (Eindhoven) a factory to produce carbon filament lamp, gradually become a leader in the global lighting production, then involved in consumer electronics and medical electronics market, products from X ray equipment to the electric shaver and televisions etc..

PHILPS is currently the world's largest manufacturer of lighting equipment, lighting equipment business in 2015 revenues of 7 billion 500 million euros (about $8 billion 700 million), operating profit of 331 million euros (about $382 million).

"We think that PHILPS lighting market as an entity, the connection of LED lighting solutions in the field as a global market leader will increase," PHILPS CEO haodon million said, "at the same time, PHILPS will focus on the medical technology market exciting and fast growing. "

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