NEW YORK: General Electric Co has (GE) filed confidentially for an initial public offering (IPO) of its healthcare unit, moving ahead with plans to spin off its second most profitable business line, according to sources.
The industrial conglomerate is working with Goldman Sachs Group Inc, Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co and Morgan Stanley on the planned listing, said the sources.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!